Post Utme Wellspring University 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ACCOUNTING • objective

A manufacturing company uses the weighted average method to value its inventory. The company has three products: A, B, and C, with quantities of 100, 150, and 200 units, respectively. The cost of each product is ₦10, ₦15, and ₦20 per unit, respectively. Calculate the total value of the inventory using the weighted average method.

Answer Options

A. ₦4,500
Correct Answer B. ₦6,000
C. ₦8,000
D. ₦10,000
Correct Answer
B
Correct Option:
₦6,000

About This Question

This is Post Utme Wellspring University 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Wellspring University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support