Post Utme Igbinedion University 2018 Accounting Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available for the year ended December 31, 2022: Cost of goods available for sale: ₦1,500,000 Beginning inventory: ₦300,000 Purchases: ₦900,000 Ending inventory: ₦200,000 What is the cost of goods sold?

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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