Post Utme Madonna University 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,500,000, and the total cost of the opening inventory is ₦500,000. If the company purchases additional inventory during the period at a cost of ₦800,000, what is the total cost of goods available for sale?

Answer Options

A. ₦2,000,000
B. ₦1,500,000
Correct Answer C. ₦2,300,000
D. ₦2,500,000
Correct Answer
C
Correct Option:
₦2,300,000

About This Question

This is Post Utme Madonna University 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

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