Post Utme Rhema University 2025 Accounting Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2025 Accounting Objective / Multiple Choice
Question 9 POST_UTME_RHEMA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. If the cost of goods available for sale is ₦1,500,000, the cost of goods sold is ₦1,200,000, and the total value of closing inventory is ₦300,000, calculate the cost of goods sold using the weighted average method.

Answer Options

Correct Answer A. ₦1,100,000
B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
A
Correct Option:
₦1,100,000

About This Question

This is Post Utme Rhema University 2025 Accounting Question 9. It is one of the objective questions from the 2025 Post Utme Rhema University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support