Post Utme Uniport 2017 Accounting Question 1
Practice objective / multiple choice question 1 from the 2017 Post Utme Uniport Accounting examination.
A company uses the weighted average method to value its inventory. The company has three types of inventory: A, B, and C. The cost of inventory A is ₦120,000, and it has a weightage of 30%. The cost of inventory B is ₦80,000, and it has a weightage of 40%. The cost of inventory C is ₦60,000, and it has a weightage of 30%. What is the total cost of the inventory?
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About This Question
This is Post Utme Uniport 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Uniport Accounting examination.
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