Post Utme Greenfield University 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available: Cost of Goods Available for Sale ₦150,000, Beginning Inventory ₦50,000, and Purchases ₦100,000. What is the cost of goods sold?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Greenfield University 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Greenfield University Accounting examination.

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