Post Utme Igbinedion University 2023 Accounting Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 39 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. If the total cost of goods available for sale is ₦150,000, the total cost of goods sold is ₦120,000, and the total cost of beginning inventory is ₦30,000, what is the cost of goods sold using the weighted average method?

Answer Options

A. ₦90,000
B. ₦100,000
Correct Answer C. ₦110,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦110,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 39. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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