Post Utme Ksu 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Ksu Accounting examination.

Post Utme Ksu 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_KSU • 2017 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to value its inventory. If the company has three types of inventory with the following quantities and costs: | Type | Quantity | Cost per Unit | | --- | --- | --- | | A | 100 | ₦50 | | B | 200 | ₦75 | | C | 300 | ₦100 | Calculate the total value of the inventory.

Answer Options

A. ₦32,500
B. ₦35,000
Correct Answer C. ₦37,500
D. ₦40,000
Correct Answer
C
Correct Option:
₦37,500

About This Question

This is Post Utme Ksu 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Ksu Accounting examination.

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