Post Utme Greenfield University 2025 Commerce Question 18

Practice objective / multiple choice question 18 from the 2025 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2025 Commerce Objective / Multiple Choice
Question 18 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • COMMERCE • objective

A company uses the weighted average method to value its inventory. The following information is available: | Date | Description | Quantity | Unit Cost | Total Cost | | --- | --- | --- | --- | --- | | 1st | Goods received | 100 | ₦10 | ₦1,000 | | 5th | Goods received | 200 | ₦12 | ₦2,400 | | 10th | Goods received | 300 | ₦15 | ₦4,500 | | 15th | Goods sold | | | | What is the total cost of goods sold for the month?

Answer Options

A. ₦8,000
Correct Answer B. ₦8,500
C. ₦9,000
D. ₦9,500
Correct Answer
B
Correct Option:
₦8,500

About This Question

This is Post Utme Greenfield University 2025 Commerce Question 18. It is one of the objective questions from the 2025 Post Utme Greenfield University Commerce examination.

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