Post Utme Oau 2024 Accounting Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Oau Accounting examination.

Post Utme Oau 2024 Accounting Objective / Multiple Choice
Question 10 POST_UTME_OAU • 2024 • ACCOUNTING • objective

A company uses the weighted average method of inventory valuation. On January 1, it had 100 units of inventory with a cost of ₦100 each. On January 15, it purchased 50 units at ₦120 each. On January 20, it sold 30 units at ₦150 each. What is the cost of the units sold?

Answer Options

A. ₦3,500
B. ₦4,500
C. ₦5,500
Correct Answer D. ₦6,500
Correct Answer
D
Correct Option:
₦6,500

About This Question

This is Post Utme Oau 2024 Accounting Question 10. It is one of the objective questions from the 2024 Post Utme Oau Accounting examination.

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