Post Utme Bsu 2017 Accounting Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BSU • 2017 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to value its inventory. The company has the following data for the current period: Cost of goods available for sale: ₦100,000 Beginning inventory: ₦20,000 Purchases: ₦60,000 Cost of goods sold: ₦40,000 What is the cost of goods sold using the weighted average method?

Answer Options

Correct Answer A. ₦30,000
B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Bsu 2017 Accounting Question 12. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support