Post Utme Esut 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Esut Accounting examination.

Post Utme Esut 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_ESUT • 2024 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to value its inventory. The company has two types of inventory: A and B. Inventory A has a cost of ₦50,000 and a quantity of 100 units. Inventory B has a cost of ₦75,000 and a quantity of 50 units. The total quantity of inventory is 150 units. What is the cost of the inventory per unit?

Answer Options

A. ₦60,000
Correct Answer B. ₦62,500
C. ₦65,000
D. ₦67,500
Correct Answer
B
Correct Option:
₦62,500

About This Question

This is Post Utme Esut 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Esut Accounting examination.

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