Post Utme Afe Babalola University 2020 Commerce Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2020 Commerce Objective / Multiple Choice
Question 13 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A company uses the weighted average cost method to value its inventory. The company has two types of inventory: Type A and Type B. The cost of Type A is ₦100 per unit, and the cost of Type B is ₦120 per unit. The company has 100 units of Type A and 50 units of Type B. What is the total cost of the inventory?

Answer Options

A. ₦12000
Correct Answer B. ₦13000
C. ₦14000
D. ₦15000
Correct Answer
B
Correct Option:
₦13000

About This Question

This is Post Utme Afe Babalola University 2020 Commerce Question 13. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.

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