Post Utme Covenant University 2021 Accounting Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2021 Accounting Objective / Multiple Choice
Question 40 POST_UTME_COVENANT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company purchases 100 units of inventory at ₦50 per unit, and the cost of goods sold is ₦5,000, what is the total value of inventory on hand?

Answer Options

Correct Answer A. ₦4,500
B. ₦4,500
C. ₦4,500
D. ₦4,500
Correct Answer
A
Correct Option:
₦4,500

About This Question

This is Post Utme Covenant University 2021 Accounting Question 40. It is one of the objective questions from the 2021 Post Utme Covenant University Accounting examination.

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