Post Utme Delsu 2017 Accounting Question 6
Practice objective / multiple choice question 6 from the 2017 Post Utme Delsu Accounting examination.
A company uses the perpetual inventory system. On January 1, 2022, it had 500 units of a product in stock, valued at ₦1,500 each. During the year, 300 units were sold for ₦2,000 each. On December 31, 2022, 200 units remained in stock. If the cost of goods sold is ₦1,800 per unit, calculate the total cost of goods sold for the year.
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About This Question
This is Post Utme Delsu 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Delsu Accounting examination.
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