Post Utme Crawford University 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. If the company has 500 units of inventory with a cost of ₦10 per unit and 200 units of inventory with a cost of ₦20 per unit, what is the total value of the inventory?

Answer Options

A. ₦5,000
B. ₦6,000
Correct Answer C. ₦7,000
D. ₦8,000
Correct Answer
C
Correct Option:
₦7,000

About This Question

This is Post Utme Crawford University 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Crawford University Accounting examination.

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