Post Utme Afe Babalola University 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions in its manufacturing account: | Date | Description | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Raw materials purchased | 100,000 | | | 2 Jan | Labour costs | | 50,000 | | 3 Jan | Factory overheads | 30,000 | | | 4 Jan | Work-in-progress | | 20,000 | | 5 Jan | Finished goods | | 10,000 | What is the cost of goods sold?

Answer Options

A. ₦120,000
B. ₦130,000
Correct Answer C. ₦140,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Afe Babalola University 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Accounting examination.

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