Post Utme Achievers University 2024 Accounting Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2024 Accounting Objective / Multiple Choice
Question 10 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the weighted average method of inventory valuation. It had 500 units of a product in inventory on January 1, 2024, costing ₦250 each. During the year, 300 units were sold, and 200 units were purchased at ₦300 each. Calculate the cost of goods sold for the year.

Answer Options

A. ₦150,000
B. ₦180,000
Correct Answer C. ₦200,000
D. ₦220,000
Correct Answer
C
Correct Option:
₦200,000

About This Question

This is Post Utme Achievers University 2024 Accounting Question 10. It is one of the objective questions from the 2024 Post Utme Achievers University Accounting examination.

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