Post Utme Unilorin 2017 Accounting Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNILORIN • 2017 • 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 beginning inventory is ₦500,000. If the company purchases 10,000 units of goods at ₦10 each, what is the total cost of the ending inventory?

Answer Options

Correct Answer A. ₦1,400,000
B. ₦1,500,000
C. ₦1,600,000
D. ₦1,700,000
Correct Answer
A
Correct Option:
₦1,400,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 36. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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