Post Utme Coal City University 2019 Accounting Question 6
Practice objective / multiple choice question 6 from the 2019 Post Utme Coal City University Accounting examination.
A company uses the weighted average method to value its inventory. The company has three types of inventory: raw materials, work-in-progress, and finished goods. The cost of raw materials is ₦1,500,000, work-in-progress is ₦2,000,000, and finished goods is ₦3,500,000. The total value of the inventory is ₦7,000,000. If the cost of raw materials is 30% of the total value, what is the value of work-in-progress?
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About This Question
This is Post Utme Coal City University 2019 Accounting Question 6. It is one of the objective questions from the 2019 Post Utme Coal City University Accounting examination.
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