Post Utme Elizade University 2023 Accounting Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2023 Accounting Objective / Multiple Choice
Question 17 POST_UTME_ELIZADE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions related to its manufacturing department: | Date | Description | Quantity | Unit Cost | Total Cost | | --- | --- | --- | --- | --- | | 1 Jan | Purchase of raw materials | 100 | ₦50 | ₦5,000 | | 15 Jan | Purchase of raw materials | 150 | ₦60 | ₦9,000 | | 20 Jan | Purchase of raw materials | 200 | ₦70 | ₦14,000 | Calculate the total cost of raw materials purchased during the month.

Answer Options

A. ₦28,000
B. ₦30,000
Correct Answer C. ₦32,000
D. ₦35,000
Correct Answer
C
Correct Option:
₦32,000

About This Question

This is Post Utme Elizade University 2023 Accounting Question 17. It is one of the objective questions from the 2023 Post Utme Elizade University Accounting examination.

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