Post Utme Unilag 2018 Accounting Question 1
Practice objective / multiple choice question 1 from the 2018 Post Utme Unilag Accounting examination.
A company uses the weighted average method to value its inventory. The company has two types of inventory: raw materials and work-in-progress. The raw materials are valued at ₦120,000 and the work-in-progress is valued at ₦180,000. If the company uses a weight of 0.6 for raw materials and 0.4 for work-in-progress, what is the total value of the inventory?
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About This Question
This is Post Utme Unilag 2018 Accounting Question 1. It is one of the objective questions from the 2018 Post Utme Unilag Accounting examination.
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