Post Utme Christopher University 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the perpetual inventory system. The following data relate to the company's inventory: Beginning inventory: 100 units @ ₦50 each; Purchases: 200 units @ ₦60 each; Sales: 150 units @ ₦70 each. Calculate the cost of goods sold.

Answer Options

A. ₦15,000
B. ₦18,000
Correct Answer C. ₦21,000
D. ₦24,000
Correct Answer
C
Correct Option:
₦21,000

About This Question

This is Post Utme Christopher University 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Christopher University Accounting examination.

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