Post Utme Uniosun 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNIOSUN • 2022 • ACCOUNTING • objective

A company uses the weighted average method of inventory valuation. The company purchases 100 units of inventory at ₦50 each and 50 units at ₦60 each. If the company sells 120 units, what is the cost of goods sold?

Answer Options

A. ₦6,000
B. ₦6,500
Correct Answer C. ₦7,000
D. ₦7,500
Correct Answer
C
Correct Option:
₦7,000

About This Question

This is Post Utme Uniosun 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Uniosun Accounting examination.

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