Post Utme Bells University 2017 Accounting Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's manufacturing department uses a job costing system. The following information is available for the year ended December 31, 2022: Cost of raw materials purchased: ₦1,500,000 Direct labor cost: ₦750,000 Overhead cost: ₦300,000 Total cost of goods manufactured: ₦2,550,000 What is the value of the work-in-progress (WIP) at the end of the year?

Answer Options

A. ₦1,500,000
B. ₦750,000
C. ₦300,000
Correct Answer D. ₦2,550,000
Correct Answer
D
Correct Option:
₦2,550,000

About This Question

This is Post Utme Bells University 2017 Accounting Question 11. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

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