Post Utme Crawford University 2021 Accounting Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 7 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of the current year's purchases is ₦120,000, and the cost of the previous year's inventory is ₦80,000. If the total cost of goods available for sale is ₦200,000, what is the cost of the current year's inventory?

Answer Options

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

About This Question

This is Post Utme Crawford University 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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