Post Utme Al Hikmah University 2017 Commerce Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2017 Commerce Objective / Multiple Choice
Question 24 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • COMMERCE • objective

A company uses the 'Weighted Average Method' to value its inventory. If the company has three types of inventory with the following quantities and costs: Type A (100 units, ₦500 each), Type B (200 units, ₦300 each), and Type C (300 units, ₦200 each), what is the 'Weighted Average Cost' per unit?

Answer Options

A. ₦275
B. ₦300
Correct Answer C. ₦325
D. ₦350
Correct Answer
C
Correct Option:
₦325

About This Question

This is Post Utme Al Hikmah University 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Commerce examination.

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