Post Utme Noun 2021 Accounting Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Noun Accounting examination.

Post Utme Noun 2021 Accounting Objective / Multiple Choice
Question 28 POST_UTME_NOUN • 2021 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to calculate its inventory value. The beginning inventory was ₦100,000, and the company purchased goods worth ₦200,000 during the year. The ending inventory is ₦150,000. What is the cost of goods sold?

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 2021 Accounting Question 28. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.

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