Post Utme Mountain Top University 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,500,000. The beginning inventory is ₦300,000. The purchases during the period are ₦900,000. The total cost of goods available for sale is ₦1,500,000. The company uses a perpetual inventory system. What is the cost of goods sold?

Answer Options

A. ₦900,000
Correct Answer B. ₦1,200,000
C. ₦1,500,000
D. ₦1,800,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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