Post Utme Caleb University 2017 Accounting Question 32
Practice objective / multiple choice question 32 from the 2017 Post Utme Caleb University Accounting examination.
A company uses the perpetual inventory system. On January 1, 2023, it had 100 units of a product in stock, valued at ₦100 each. On January 10, 2023, 20 units were sold for ₦120 each. On January 15, 2023, 30 units were purchased for ₦110 each. What is the total value of the inventory on January 15, 2023?
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About This Question
This is Post Utme Caleb University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.
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