Post Utme Unn 2023 Accounting Question 32
Practice objective / multiple choice question 32 from the 2023 Post Utme Unn Accounting examination.
A company uses the perpetual inventory system. On January 1, 2023, it had 500 units of a product in stock, valued at ₦10,000 each. During the year, 200 units were sold, and 300 units were purchased at ₦12,000 each. If the company uses the weighted average method to value its inventory, what is the total value of the inventory at December 31, 2023?
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About This Question
This is Post Utme Unn 2023 Accounting Question 32. It is one of the objective questions from the 2023 Post Utme Unn Accounting examination.
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