Post Utme Bowen University 2022 Accounting Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 2 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. If the cost of the current period's purchases is ₦150,000, the cost of the previous period's inventory is ₦120,000, and the total cost of goods available for sale is ₦300,000, what is the cost of the current period's inventory?

Answer Options

A. ₦180,000
B. ₦200,000
Correct Answer C. ₦220,000
D. ₦240,000
Correct Answer
C
Correct Option:
₦220,000

About This Question

This is Post Utme Bowen University 2022 Accounting Question 2. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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