Post Utme Abu 2023 Accounting Question 32
Practice objective / multiple choice question 32 from the 2023 Post Utme Abu Accounting examination.
A manufacturing company uses the weighted average method to value its inventory. The company's inventory at the beginning of the year consisted of 100 units of product A and 50 units of product B. The cost of product A is ₦10 per unit, and the cost of product B is ₦20 per unit. During the year, the company purchased 200 units of product A at ₦12 per unit and 150 units of product B at ₦22 per unit. The company sold 150 units of product A and 100 units of product B. What is the total cost of goods sold for the year?
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About This Question
This is Post Utme Abu 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.
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