Post Utme Caleb University 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The company has three types of inventory: A, B, and C, with costs of ₦20, ₦30, and ₦40 per unit, respectively. The company has 100 units of A, 80 units of B, and 60 units of C. What is the total cost of the inventory?

Answer Options

A. ₦6,000
B. ₦7,000
Correct Answer C. ₦8,000
D. ₦9,000
Correct Answer
C
Correct Option:
₦8,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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