Post Utme Lasu 2021 Accounting Question 6
Practice objective / multiple choice question 6 from the 2021 Post Utme Lasu 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, and the cost of finished goods is ₦180,000. The company uses a weighted average method with a weight of 0.4 for raw materials and 0.6 for finished goods. What is the total value of the inventory?
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About This Question
This is Post Utme Lasu 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Lasu Accounting examination.
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