Post Utme Redeemers University 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The following data is available: Cost of Goods Available for Sale ₦150,000, Beginning Inventory ₦50,000, Purchases ₦100,000, and Ending Inventory ₦80,000. Calculate the cost of goods sold.

Answer Options

A. ₦120,000
Correct Answer B. ₦130,000
C. ₦140,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦130,000

About This Question

This is Post Utme Redeemers University 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Redeemers University Accounting examination.

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