Post Utme Al Hikmah University 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the weighted average method of inventory costing. The following data is available: Beginning Inventory ₦30,000, Purchases ₦60,000, Sales ₦40,000, and Ending Inventory ₦20,000. What is the cost of goods sold?

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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