Post Utme Esut 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A manufacturing company has the following data for the year ended December 31, 2022: Cost of goods sold ₦1,800,000; Beginning inventory ₦400,000; Ending inventory ₦600,000. What is the gross profit for the year?

Answer Options

A. ₦1,200,000
Correct Answer B. ₦1,400,000
C. ₦1,600,000
D. ₦1,800,000
Correct Answer
B
Correct Option:
₦1,400,000

About This Question

This is Post Utme Esut 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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