Post Utme Futo 2023 Accounting Question 7

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

Post Utme Futo 2023 Accounting Objective / Multiple Choice
Question 7 POST_UTME_FUTO • 2023 • ACCOUNTING • objective

A company's manufacturing account for the year ended December 31, 2022, showed the following: Cost of goods manufactured: ₦1,500,000; Work-in-progress at the beginning of the year: ₦200,000; Work-in-progress at the end of the year: ₦300,000. What is the value of finished goods at the end of the year?

Answer Options

A. ₦1,200,000
B. ₦1,500,000
Correct Answer C. ₦1,800,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,800,000

About This Question

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

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