Post Utme Babcock University 2025 Accounting Question 1

Practice objective / multiple choice question 1 from the 2025 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2025 Accounting Objective / Multiple Choice
Question 1 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ACCOUNTING • objective

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 company uses a perpetual inventory system. What is the cost of goods sold?

Answer Options

A. ₦900,000
Correct Answer B. ₦1,000,000
C. ₦1,200,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Babcock University 2025 Accounting Question 1. It is one of the objective questions from the 2025 Post Utme Babcock University Accounting examination.

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