Post Utme Noun 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available: Beginning inventory ₦100,000, Purchases ₦300,000, and Cost of Goods Sold ₦200,000. Determine the cost of goods sold using the weighted average method.

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Noun 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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