Post Utme Babcock University 2022 Accounting Question 27
Practice objective / multiple choice question 27 from the 2022 Post Utme Babcock University Accounting examination.
A manufacturing company uses the weighted average method to value its inventory. The company has three types of inventory: raw materials, work-in-progress, and finished goods. The raw materials inventory has a cost of ₦ 50,000 and a net realizable value of ₦ 60,000. The work-in-progress inventory has a cost of ₦ 30,000 and a net realizable value of ₦ 40,000. The finished goods inventory has a cost of ₦ 20,000 and a net realizable value of ₦ 25,000. Calculate the weighted average cost of the inventory.
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About This Question
This is Post Utme Babcock University 2022 Accounting Question 27. It is one of the objective questions from the 2022 Post Utme Babcock University Accounting examination.
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