Post Utme Ims U 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company purchases 100 units of inventory at ₦50 each and sells 50 units at ₦75 each, what is the cost of goods sold?

Answer Options

A. ₦2,500
Correct Answer B. ₦3,750
C. ₦4,000
D. ₦4,500
Correct Answer
B
Correct Option:
₦3,750

About This Question

This is Post Utme Ims U 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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