Post Utme Christopher University 2018 Accounting Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2018 Accounting Objective / Multiple Choice
Question 9 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following transactions related to its inventory: | Date | Description | Quantity | Unit Cost | | --- | --- | --- | --- | | Jan 1 | Beginning inventory | 100 | ₦10 | | Jan 15 | Purchase | 200 | ₦12 | | Feb 1 | Sale | 50 | ₦0 | | Feb 15 | Purchase | 150 | ₦14 | What is the total cost of goods available for sale at the end of February?

Answer Options

A. ₦3,400
B. ₦3,600
Correct Answer C. ₦3,800
D. ₦4,000
Correct Answer
C
Correct Option:
₦3,800

About This Question

This is Post Utme Christopher University 2018 Accounting Question 9. It is one of the objective questions from the 2018 Post Utme Christopher University Accounting examination.

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