Post Utme Ims U 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Ims U Accounting examination.

Post Utme Ims U 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2021 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. If the total cost of goods available for sale is ₦500,000 and the total cost of goods sold is ₦450,000, what is the cost of goods sold using the weighted average method?

Answer Options

A. ₦420,000
B. ₦440,000
Correct Answer C. ₦460,000
D. ₦480,000
Correct Answer
C
Correct Option:
₦460,000

About This Question

This is Post Utme Ims U 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Ims U Accounting examination.

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