Post Utme Unn 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Unn Accounting examination.

Post Utme Unn 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNN • 2020 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,500,000, and the company uses a 20% discount for damaged goods. If the cost of the damaged goods is ₦150,000, what is the value of the inventory using the weighted average method?

Answer Options

Correct Answer A. ₦1,350,000
B. ₦1,400,000
C. ₦1,450,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,350,000

About This Question

This is Post Utme Unn 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Unn Accounting examination.

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