Post Utme Futa 2023 Accounting Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Futa Accounting examination.

Post Utme Futa 2023 Accounting Objective / Multiple Choice
Question 7 POST_UTME_FUTA • 2023 • ACCOUNTING • objective

A company has the following transactions in its manufacturing account for the year: Opening inventory: ₦100,000 Purchases: ₦500,000 Direct labor: ₦200,000 Overheads: ₦150,000 Closing inventory: ₦250,000 Calculate the cost of goods manufactured.

Answer Options

Correct Answer A. ₦1,200,000
B. ₦1,300,000
C. ₦1,400,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,200,000

About This Question

This is Post Utme Futa 2023 Accounting Question 7. It is one of the objective questions from the 2023 Post Utme Futa Accounting examination.

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