Post Utme Bowen University 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BOWEN_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the job order costing system. On January 1, 2024, it had a work-in-progress inventory of ₦50,000. During the year, it incurred direct materials costs of ₦100,000 and direct labor costs of ₦150,000. If the company uses the absorption costing method, what is the total cost of goods manufactured for the year?

Answer Options

A. ₦300,000
B. ₦350,000
Correct Answer C. ₦400,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Bowen University 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.

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