Post Utme Elizade University 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_ELIZADE_UNIVERSITY • 2025 • 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 the opening inventory is ₦400,000. If the company uses a periodic inventory system, what is the cost of goods sold using the weighted average method?

Answer Options

A. ₦1,100,000
Correct Answer B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Elizade University 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Elizade University Accounting examination.

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