Post Utme Aaua 2021 Accounting Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Aaua Accounting examination.

Post Utme Aaua 2021 Accounting Objective / Multiple Choice
Question 39 POST_UTME_AAUA • 2021 • ACCOUNTING • objective

A company has the following transactions in its manufacturing account: (1) Beginning work in progress (WIP) inventory of ₦50,000. (2) Direct labor costs of ₦20,000. (3) Factory overhead costs of ₦30,000. (4) Cost of goods sold of ₦80,000. What is the total cost of goods manufactured?

Answer Options

A. ₦80,000
B. ₦90,000
Correct Answer C. ₦100,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Aaua 2021 Accounting Question 39. It is one of the objective questions from the 2021 Post Utme Aaua Accounting examination.

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