Post Utme Lasu 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Lasu Accounting examination.

Post Utme Lasu 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_LASU • 2024 • 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, the cost of goods sold is ₦420,000, and the total number of units available for sale is 1,000, what is the cost per unit?

Answer Options

A. ₦400
Correct Answer B. ₦420
C. ₦440
D. ₦460
Correct Answer
B
Correct Option:
₦420

About This Question

This is Post Utme Lasu 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Lasu Accounting examination.

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