Post Utme Elizade University 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the weighted average method of inventory costing. The following data is available: Beginning Inventory ₦30,000, Purchases ₦60,000, and Sales ₦80,000. Calculate the cost of goods sold.

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Elizade University 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Elizade University Accounting examination.

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