Post Utme Eksu 2021 Accounting Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Eksu Accounting examination.

Post Utme Eksu 2021 Accounting Objective / Multiple Choice
Question 2 POST_UTME_EKSU • 2021 • ACCOUNTING • objective

A manufacturing company has the following information for the year ended December 31, 2022: Cost of goods manufactured ₦1,500,000; Beginning work-in-progress ₦200,000; Ending work-in-progress ₦250,000. Calculate the cost of goods sold.

Answer Options

A. ₦1,450,000
Correct Answer B. ₦1,500,000
C. ₦1,550,000
D. ₦1,600,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Eksu 2021 Accounting Question 2. It is one of the objective questions from the 2021 Post Utme Eksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support