Post Utme Al Hikmah University 2021 Accounting Question 26
Practice objective / multiple choice question 26 from the 2021 Post Utme Al Hikmah University Accounting examination.
A company uses the weighted average method to value its inventory. The company has three types of inventory: A, B, and C. The cost of inventory A is ₦120,000, and the number of units is 500. The cost of inventory B is ₦150,000, and the number of units is 300. The cost of inventory C is ₦180,000, and the number of units is 200. The total cost of goods available for sale is ₦420,000. What is the cost of goods sold using the weighted average method?
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About This Question
This is Post Utme Al Hikmah University 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Accounting examination.
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