Post Utme Al Hikmah University 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,200,000. The beginning inventory is ₦300,000. The ending inventory is ₦400,000. What is the cost of goods sold?

Answer Options

A. ₦800,000
B. ₦900,000
Correct Answer C. ₦1,000,000
D. ₦1,100,000
Correct Answer
C
Correct Option:
₦1,000,000

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

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