Post Utme Covenant University 2025 Accounting Question 26
Practice objective / multiple choice question 26 from the 2025 Post Utme Covenant University Accounting examination.
A company uses the perpetual inventory system. On January 1, 2025, it had 500 units of a product in stock, costing ₦100 each. On January 15, 2025, 200 units were sold, and on February 1, 2025, 300 units were purchased at ₦120 each. Calculate the cost of goods sold for the period.
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About This Question
This is Post Utme Covenant University 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.
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