Post Utme Lasu 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to value its inventory. The following data is available: Cost of goods available for sale: ₦1,500,000; Net realizable value of goods sold: ₦1,200,000. What is the cost of goods sold using the weighted average method?

Answer Options

A. ₦1,000,000
B. ₦1,200,000
Correct Answer C. ₦1,300,000
D. ₦1,400,000
Correct Answer
C
Correct Option:
₦1,300,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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