Post Utme Esut 2018 Accounting Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 27 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A company uses the following accounts: Raw Materials, Work-in-Progress, Finished Goods, and Cost of Goods Sold. If the company's balance sheet shows ₦200,000 in Raw Materials, ₦150,000 in Work-in-Progress, and ₦100,000 in Finished Goods, what is the value of Cost of Goods Sold?

Answer Options

A. ₦450,000
Correct Answer B. ₦550,000
C. ₦650,000
D. ₦750,000
Correct Answer
B
Correct Option:
₦550,000

About This Question

This is Post Utme Esut 2018 Accounting Question 27. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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