Post Utme Achievers University 2022 Accounting Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2022 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the perpetual inventory system. On January 1, it had 500 units of inventory on hand at a cost of 10 per unit. During the month, 200 units were sold, and 150 units were purchased at a cost of 12 per unit. What is the total cost of goods available for sale?

Answer Options

A. ₦5,000
B. ₦6,000
Correct Answer C. ₦7,000
D. ₦8,000
Correct Answer
C
Correct Option:
₦7,000

About This Question

This is Post Utme Achievers University 2022 Accounting Question 20. It is one of the objective questions from the 2022 Post Utme Achievers 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