Post Utme Veritas University 2024 Accounting Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2024 Accounting Objective / Multiple Choice
Question 5 POST_UTME_VERITAS_UNIVERSITY • 2024 • ACCOUNTING • objective

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

Answer Options

A. ₦75,000
B. ₦90,000
Correct Answer C. ₦120,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Veritas University 2024 Accounting Question 5. It is one of the objective questions from the 2024 Post Utme Veritas University Accounting examination.

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