Post Utme Elizade University 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ELIZADE_UNIVERSITY • 2025 • ACCOUNTING • objective

A manufacturing company uses the process costing method to assign costs to its products. The company's ledger shows a balance of ₦400,000 in the direct materials account. However, the company's cash book shows a balance of ₦350,000 in the cash account. Prepare a statement of cost of goods manufactured.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Elizade University 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Elizade University Accounting examination.

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