Post Utme Afe Babalola University 2024 Accounting Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2024 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available: Cost of goods available for sale ₦120,000, Net realizable value ₦100,000, and the cost of goods sold ₦80,000. What is the cost of goods sold using the weighted average method?

Answer Options

Correct Answer A. ₦60,000
B. ₦70,000
C. ₦80,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Afe Babalola University 2024 Accounting Question 23. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Accounting examination.

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