Post Utme Uniport 2024 Accounting Question 16
Practice objective / multiple choice question 16 from the 2024 Post Utme Uniport Accounting examination.
A company uses the weighted average method to value its inventory. The company's inventory consists of 100 units of item A, 200 units of item B, and 300 units of item C. The cost of item A is ₦150 per unit, item B is ₦200 per unit, and item B is ₦250 per unit. If the total cost of the inventory is ₦1,500,000, what is the total value of the inventory using the weighted average method?
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About This Question
This is Post Utme Uniport 2024 Accounting Question 16. It is one of the objective questions from the 2024 Post Utme Uniport Accounting examination.
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