Post Utme Caleb University 2019 Accounting Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 39 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company's beginning inventory is ₦50,000, its purchases during the period are ₦100,000, and its sales during the period are ₦150,000, what is the company's cost of goods sold?

Answer Options

A. ₦50,000
B. ₦75,000
Correct Answer C. ₦100,000
D. ₦125,000
Correct Answer
C
Correct Option:
₦100,000

About This Question

This is Post Utme Caleb University 2019 Accounting Question 39. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

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