Post Utme Lautech 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Lautech Accounting examination.

Post Utme Lautech 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LAUTECH • 2020 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available: 100 units of item A at ₦50 each, 200 units of item B at ₦75 each, and 300 units of item C at ₦100 each. What is the total value of the inventory?

Answer Options

A. ₦35,000
B. ₦45,000
Correct Answer C. ₦55,000
D. ₦65,000
Correct Answer
C
Correct Option:
₦55,000

About This Question

This is Post Utme Lautech 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Lautech Accounting examination.

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