Post Utme Ims U 2024 Accounting Question 24
Practice objective / multiple choice question 24 from the 2024 Post Utme Ims U Accounting examination.
A company uses the perpetual inventory system. On January 1, 2024, it had 1,000 units of a product in stock, valued at ₦10 each. During the year, 500 units were sold, and 200 units were purchased at ₦12 each. The company uses the weighted average method to value its inventory. What is the total value of the inventory at the end of the year?
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About This Question
This is Post Utme Ims U 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.
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