Post Utme Uniben 2024 Accounting Question 2
Practice objective / multiple choice question 2 from the 2024 Post Utme Uniben Accounting examination.
A manufacturing company uses the weighted average method to value its inventory. The company has three types of inventory: raw materials, work-in-progress, and finished goods. The raw materials cost ₦0.50 per unit, the work-in-progress costs ₦1.25 per unit, and the finished goods cost ₦2.00 per unit. If the company has 100 units of raw materials, 50 units of work-in-progress, and 200 units of finished goods, calculate the total value of the inventory.
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About This Question
This is Post Utme Uniben 2024 Accounting Question 2. It is one of the objective questions from the 2024 Post Utme Uniben Accounting examination.
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