Post Utme Rsu 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Rsu Accounting examination.

Post Utme Rsu 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2021 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The company's inventory at the beginning of the year is ₦1,000,000 and at the end of the year is ₦1,200,000. If the company purchases goods worth ₦1,500,000 during the year, calculate the cost of goods sold.

Answer Options

Correct Answer A. ₦2,500,000
B. ₦2,200,000
C. ₦2,000,000
D. ₦1,800,000
Correct Answer
A
Correct Option:
₦2,500,000

About This Question

This is Post Utme Rsu 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Rsu Accounting examination.

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