Post Utme Mountain Top University 2024 Accounting Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 9 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The company has the following data: Beginning inventory: 100 units @ ₦10 each Purchases: 500 units @ ₦12 each Sales: 200 units @ ₦15 each What is the cost of goods sold?

Answer Options

A. ₦6,000
B. ₦8,000
Correct Answer C. ₦10,000
D. ₦12,000
Correct Answer
C
Correct Option:
₦10,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 9. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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