Post Utme Igbinedion University 2022 Accounting Question 21
Practice objective / multiple choice question 21 from the 2022 Post Utme Igbinedion University Accounting examination.
A company uses the perpetual inventory system. On January 1, 2022, it had 500 units of a product in stock, valued at ₦150 each. During the year, 300 units were sold, and 200 units were purchased at ₦180 each. If the company uses the weighted average method to value inventory, what is the total value of inventory on December 31, 2022?
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This is Post Utme Igbinedion University 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Igbinedion University Accounting examination.
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