Post Utme Greenfield University 2022 Accounting Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice
Question 2 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following manufacturing account for the year ended 31st December 2022: Opening work-in-progress: ₦50,000 Closing work-in-progress: ₦30,000 Cost of goods manufactured: ₦200,000 Cost of goods sold: ₦180,000 Using the absorption costing method, calculate the profit for the year ended 31st December 2022.

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 2. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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