Post Utme Osustech 2020 Accounting Question 21

Practice objective / multiple choice question 21 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 21 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to value its inventory. The company has two departments: A and B. Department A has 100 units of inventory with a cost of ₦10 each, while Department B has 50 units of inventory with a cost of ₦20 each. If the total cost of goods available for sale is ₦5,000, calculate the value of inventory using the weighted average method.

Answer Options

A. ₦3,500
Correct Answer B. ₦4,000
C. ₦4,500
D. ₦5,000
Correct Answer
B
Correct Option:
₦4,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 21. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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