Post Utme Futo 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 23 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A manufacturing company uses a job costing system. The following data are extracted from the ledger accounts: Work in Progress (WIP) ₦50,000, Finished Goods (FG) ₦100,000, Cost of Goods Sold (COGS) ₦150,000. Calculate the value of production.

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Futo 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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