Post Utme Afe Babalola University 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • COMMERCE • objective

A warehouse's inventory turnover ratio is 6 times per year. If the beginning inventory is ₦150,000, what is the total cost of goods sold for the year?

Answer Options

A. ₦900,000
Correct Answer B. ₦1,050,000
C. ₦1,200,000
D. ₦1,350,000
Correct Answer
B
Correct Option:
₦1,050,000

About This Question

This is Post Utme Afe Babalola University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce 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