Post Utme Afe Babalola University 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company purchases 100 units of goods at ₦50 each, and the cost of goods sold is ₦5,000, what is the company's ending inventory?

Answer Options

A. ₦4,500
B. ₦5,000
Correct Answer C. ₦5,500
D. ₦6,000
Correct Answer
C
Correct Option:
₦5,500

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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