Post Utme Greenfield University 2017 Accounting Question 33
Practice objective / multiple choice question 33 from the 2017 Post Utme Greenfield University Accounting examination.
A company uses the weighted average method to value its inventory. The company has the following data for the year ended 31st December 2022: Cost of Goods Sold: ₦6,000,000 Gross Profit: ₦4,000,000 The company's inventory at the beginning of the year was ₦2,000,000. The company purchased additional inventory during the year for ₦4,000,000. The company sold ₦3,000,000 worth of inventory during the year. What is the company's ending inventory value?
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About This Question
This is Post Utme Greenfield University 2017 Accounting Question 33. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.
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