Post Utme Veritas University 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_VERITAS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the weighted average method to compute its inventory value. If the company has three types of inventory with the following quantities and costs: Type A (100 units, ₦50 each), Type B (200 units, ₦75 each), and Type C (300 units, ₦25 each), what is the company's total inventory value?

Answer Options

Correct Answer A. ₦22,500
B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
A
Correct Option:
₦22,500

About This Question

This is Post Utme Veritas University 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Veritas University Accounting examination.

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