Post Utme Rhema University 2022 Accounting Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 11 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,500,000, and the total cost of the ending inventory is ₦1,200,000. If the company uses a perpetual inventory system, what is the cost of goods sold?

Answer Options

A. ₦300,000
Correct Answer B. ₦600,000
C. ₦900,000
D. ₦1,200,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Rhema University 2022 Accounting Question 11. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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