Post Utme Mountain Top University 2021 Accounting Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice

Question 21 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

Determine the total cost of goods sold for the year ended December 31, 2022, using the weighted average method, given the following data: Cost of goods available for sale: ₦1,500,000; Beginning inventory: ₦300,000; Ending inventory: ₦400,000; Sales: ₦2,000,000.

Answer Options

Correct Answer A. ₦1,200,000

B. ₦1,300,000

C. ₦1,400,000

D. ₦1,500,000

Correct Answer

Correct Option:

₦1,200,000

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 21. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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