Post Utme Uniport 2021 Accounting Question 1
Practice objective / multiple choice question 1 from the 2021 Post Utme Uniport Accounting examination.
A company uses the perpetual inventory system. On January 1, 2022, it had 500 units of a product in stock, valued at ₦100 each. During the year, 300 units were sold, and 200 units were purchased at ₦120 each. The company uses the weighted average method to value inventory. What is the total value of inventory on December 31, 2022?
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About This Question
This is Post Utme Uniport 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Uniport Accounting examination.
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