Post Utme Futo 2020 Accounting Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 18 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A company uses a perpetual inventory system. The company's beginning inventory balance is ₦80,000, and the company purchases goods for ₦120,000 during the period. The company also sells goods for ₦200,000 during the period. What is the company's ending inventory balance?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦140,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Futo 2020 Accounting Question 18. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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