Post Utme Bowen University 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BOWEN_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,500,000, and the total cost of goods sold is ₦1,200,000. The company uses a periodic inventory system. Calculate the cost of goods sold using the weighted average method.

Answer Options

A. ₦1,100,000
Correct Answer B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Bowen University 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Bowen University Accounting examination.

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