Post Utme Coal City University 2022 Accounting Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2022 Accounting Objective / Multiple Choice
Question 29 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company uses the FIFO method to value its inventory. The company purchases 100 units of inventory at 10 each and 50 units at 15 each. The company sells 150 units at 18 each. What is the cost of goods sold?

Answer Options

A. 2,700
Correct Answer B. 2,900
C. 3,100
D. 3,300
Correct Answer
B
Correct Option:
2,900

About This Question

This is Post Utme Coal City University 2022 Accounting Question 29. It is one of the objective questions from the 2022 Post Utme Coal City University Accounting examination.

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