Post Utme Abu 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Abu Accounting examination.

Post Utme Abu 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_ABU • 2023 • ACCOUNTING • objective

A company uses the perpetual inventory system. The cost of goods sold is ₦150,000 and the net realizable value of closing inventory is ₦30,000. Calculate the cost of goods sold using the periodic inventory system.

Answer Options

A. ₦180,000
Correct Answer B. ₦160,000
C. ₦140,000
D. ₦120,000
Correct Answer
B
Correct Option:
₦160,000

About This Question

This is Post Utme Abu 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Abu Accounting examination.

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