Post Utme Noun 2019 Accounting Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 12 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The company has three types of inventory: A, B, and C. The quantities and costs of these inventories are as follows: | Inventory | Quantity | Cost per Unit | | --- | --- | --- | | A | 100 | ₦50 | | B | 200 | ₦75 | | C | 300 | ₦25 | What is the total value of the inventory?

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Noun 2019 Accounting Question 12. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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