Post Utme Eksu 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Eksu Accounting examination.

Post Utme Eksu 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_EKSU • 2021 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,500,000, and the total cost of goods sold is ₦1,200,000. The beginning inventory is ₦300,000, and the ending inventory is ₦400,000. What is the cost of goods sold using the weighted average method?

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦1,300,000

About This Question

This is Post Utme Eksu 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Eksu Accounting examination.

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