Post Utme Esut 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to value its inventory. The following information is available for the year ended December 31, 2022: Cost of goods available for sale: ₦1,500,000; Cost of goods sold: ₦1,200,000. What is the value of the closing inventory?

Answer Options

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

About This Question

This is Post Utme Esut 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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