Post Utme Greenfield University 2022 Accounting Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice
Question 15 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to value its inventory. The company has three types of inventory: raw materials, work-in-progress, and finished goods. The raw materials have a cost of ₦100,000, the work-in-progress has a cost of ₦200,000, and the finished goods have a cost of ₦300,000. What is the total value of the inventory?

Answer Options

A. ₦600,000
B. ₦700,000
Correct Answer C. ₦800,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 15. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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