Post Utme Igbinedion University 2022 Commerce Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice
Question 4 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

A company uses the weighted average cost method to value its inventory. If the company has 1,000 units of inventory with a cost of ₦50 per unit, and 500 units of inventory with a cost of ₦75 per unit, what is the total value of the inventory?

Answer Options

A. ₦62,500
Correct Answer B. ₦67,500
C. ₦72,500
D. ₦77,500
Correct Answer
B
Correct Option:
₦67,500

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 4. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

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