Post Utme Unn 2022 Accounting Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Unn Accounting examination.

Post Utme Unn 2022 Accounting Objective / Multiple Choice
Question 21 POST_UTME_UNN • 2022 • ACCOUNTING • objective

A company uses the weighted average method to value its inventory. The cost of goods available for sale is ₦1,500,000. The beginning inventory is ₦200,000, and the cost of the current period's purchases is ₦1,300,000. If the company uses a 10% increase in the cost of goods sold as a weight, what is the value of the ending inventory?

Answer Options

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

About This Question

This is Post Utme Unn 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Unn Accounting examination.

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