Post Utme Coal City University 2025 Accounting Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2025 Accounting Objective / Multiple Choice
Question 33 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the perpetual inventory system. On January 1, 2025, it had 500 units of a product on hand, valued at ₦1,500 each. During the year, 300 units were sold, and 200 units were purchased for ₦2,000 each. If the company uses the weighted average method to value its inventory, what is the total value of the inventory on December 31, 2025?

Answer Options

A. ₦600,000
Correct Answer B. ₦650,000
C. ₦700,000
D. ₦750,000
Correct Answer
B
Correct Option:
₦650,000

About This Question

This is Post Utme Coal City University 2025 Accounting Question 33. It is one of the objective questions from the 2025 Post Utme Coal City University Accounting examination.

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