Post Utme Al Hikmah University 2025 Accounting Question 31
Practice objective / multiple choice question 31 from the 2025 Post Utme Al Hikmah University Accounting examination.
A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,500,000. The beginning inventory is ₦300,000, and the cost of purchases is ₦1,200,000. The total number of units available for sale is 5,000. The beginning inventory is 1,000 units, and the number of units purchased is 4,000. The cost per unit of beginning inventory is ₦300, and the cost per unit of purchases is ₦250. What is the total cost of goods sold?
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This is Post Utme Al Hikmah University 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.
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