Post Utme Christopher University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of the items in the inventory is as follows: ₦50,000 at ₦10 each, ₦30,000 at ₦15 each, and ₦20,000 at ₦20 each. What is the total value of the inventory?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦110,000
D. ₦130,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Christopher University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Christopher University Accounting examination.

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