Post Utme Al Hikmah University 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company purchases 100 units of goods at ₦500 each, and 50 units are sold at ₦600 each, what is the total value of the goods in stock?

Answer Options

A. ₦25,000
B. ₦30,000
Correct Answer C. ₦35,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦35,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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