Post Utme Bells University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Bells University Accounting examination.

Post Utme Bells University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_BELLS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the FIFO method of inventory valuation. If the company purchases 100 units of inventory at ₦10 each and 50 units at ₦15 each, what is the cost of goods sold if the company sells 120 units?

Answer Options

A. ₦1,200
B. ₦1,500
Correct Answer C. ₦1,800
D. ₦2,100
Correct Answer
C
Correct Option:
₦1,800

About This Question

This is Post Utme Bells University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Bells University Accounting examination.

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