Post Utme Wellspring University 2022 Accounting Question 21
Practice objective / multiple choice question 21 from the 2022 Post Utme Wellspring University Accounting examination.
A company uses the weighted average method to value its inventory. The company has three types of inventory: raw materials, work-in-progress, and finished goods. The raw materials have a cost of ₦10,000 and a weightage of 30%. The work-in-progress has a cost of ₦20,000 and a weightage of 40%. The finished goods have a cost of ₦30,000 and a weightage of 30%. Calculate the total value of the inventory.
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About This Question
This is Post Utme Wellspring University 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.
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