Post Utme Bowen University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_BOWEN_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available for the year ended 31 December 2022: Cost of Goods Sold 1,500,000 Beginning Inventory 800,000 Purchases 2,200,000 Ending Inventory 1,200,000 What is the cost of goods sold for the year?

Answer Options

A. ₦1,500,000
Correct Answer B. ₦1,600,000
C. ₦1,700,000
D. ₦1,800,000
Correct Answer
B
Correct Option:
₦1,600,000

About This Question

This is Post Utme Bowen University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Bowen University Accounting examination.

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