Post Utme Ims U 2017 Accounting Question 31
Practice objective / multiple choice question 31 from the 2017 Post Utme Ims U Accounting examination.
A company uses the perpetual inventory system. On January 1, 2022, it had 1,000 units of a product in stock at a cost of ₦50 per unit. During the year, 500 units were sold at ₦120 per unit. On December 31, 2022, the company had 200 units in stock. Calculate the cost of goods sold for the year.
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About This Question
This is Post Utme Ims U 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Ims U Accounting examination.
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