Post Utme Lautech 2024 Accounting Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 18 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available: Cost of Goods Available for Sale ₦150,000, Beginning Inventory ₦50,000, and Ending Inventory ₦70,000. What is the cost of goods sold?

Answer Options

Correct Answer A. ₦120,000
B. ₦130,000
C. ₦140,000
D. ₦110,000
Correct Answer
A
Correct Option:
₦120,000

About This Question

This is Post Utme Lautech 2024 Accounting Question 18. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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