Post Utme Bells University 2023 Accounting Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Bells University Accounting examination.

Post Utme Bells University 2023 Accounting Objective / Multiple Choice
Question 18 POST_UTME_BELLS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available: 100 units of item A at ₦20 each, 200 units of item B at ₦30 each, and 300 units of item C at ₦40 each. Calculate the total value of the inventory.

Answer Options

A. ₦14,000
Correct Answer B. ₦16,000
C. ₦18,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦16,000

About This Question

This is Post Utme Bells University 2023 Accounting Question 18. It is one of the objective questions from the 2023 Post Utme Bells University Accounting examination.

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