Post Utme Uniosun 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNIOSUN • 2023 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The company has two types of inventory: A and B. Inventory A has a cost of ₦10,000 and a selling price of ₦12,000. Inventory B has a cost of ₦8,000 and a selling price of ₦10,000. If the company sells 100 units of Inventory A and 50 units of Inventory B, what is the total revenue from the sale of these inventories?

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦1,300,000

About This Question

This is Post Utme Uniosun 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Uniosun Accounting examination.

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