Post Utme Futa 2025 Accounting Question 38
Practice objective / multiple choice question 38 from the 2025 Post Utme Futa Accounting examination.
A company uses the perpetual inventory system. On January 1, 2025, it had 500 units of a product in stock, costing ₦120 each. During the year, 300 units were sold, and 200 units were purchased at ₦150 each. The company uses the weighted average method to determine the cost of goods sold. What is the total cost of goods sold for the year?
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About This Question
This is Post Utme Futa 2025 Accounting Question 38. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.
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