Post Utme Bells University 2025 Accounting Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Bells University Accounting examination.

Post Utme Bells University 2025 Accounting Objective / Multiple Choice
Question 38 POST_UTME_BELLS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the perpetual inventory system. It purchases 100 units of goods at ₦500 each and sells 80 units at ₦600 each. The company also incurs a cost of ₦20,000 for transportation. What is the cost of goods sold?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Bells University 2025 Accounting Question 38. It is one of the objective questions from the 2025 Post Utme Bells University Accounting examination.

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