Post Utme Igbinedion University 2025 Accounting Question 6
Practice objective / multiple choice question 6 from the 2025 Post Utme Igbinedion University Accounting examination.
A company uses the weighted average method to value its inventory. The company has three types of inventory: raw materials, work-in-progress, and finished goods. The cost of raw materials is ₦120,000, work-in-progress is ₦80,000, and finished goods is ₦150,000. The total value of the inventory is ₦350,000. If the company uses a cost flow assumption of FIFO, what is the value of the finished goods inventory?
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This is Post Utme Igbinedion University 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Igbinedion University Accounting examination.
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