Post Utme Bowen University 2023 Accounting Question 21

Practice objective / multiple choice question 21 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 21 POST_UTME_BOWEN_UNIVERSITY • 2023 • 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 the opening inventory is ₦300,000. If the company purchases additional inventory during the period for ₦800,000, what is the total cost of goods available for sale?

Answer Options

Correct Answer A. ₦1,800,000
B. ₦1,700,000
C. ₦1,600,000
D. ₦1,900,000
Correct Answer
A
Correct Option:
₦1,800,000

About This Question

This is Post Utme Bowen University 2023 Accounting Question 21. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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