Post Utme Al Hikmah University 2018 Accounting Question 1
Practice objective / multiple choice question 1 from the 2018 Post Utme Al Hikmah University Accounting examination.
A company uses the perpetual inventory system. On January 1, 2022, it had 500 units of a product in stock, valued at ₦1,500 each. On February 15, 2022, 200 units were sold for ₦3,000 each. On March 1, 2022, 300 units were purchased for ₦2,000 each. On April 15, 2022, 100 units were returned from customers. Calculate the cost of goods sold for the period January 1, 2022 to April 15, 2022.
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About This Question
This is Post Utme Al Hikmah University 2018 Accounting Question 1. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Accounting examination.
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