Post Utme Unilorin 2025 Accounting Question 6
Practice objective / multiple choice question 6 from the 2025 Post Utme Unilorin Accounting examination.
A company uses the perpetual inventory system. On January 1, 2025, it had 500 units of a product on hand at a cost of ₦120 per unit. During the year, 300 units were sold, and 200 units were purchased at ₦130 per unit. The company uses the weighted average method to determine the cost of goods sold. Calculate the cost of goods sold for the year.
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This is Post Utme Unilorin 2025 Accounting Question 6. It is one of the objective questions from the 2025 Post Utme Unilorin Accounting examination.
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