Post Utme Joseph Ayo Babalola University 2019 Accounting Question 41

Practice objective / multiple choice question 41 from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2019 Accounting Objective / Multiple Choice
Question 41 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has the following transactions during the year: Debit: Raw Materials ₦50,000, Work-in-Progress ₦100,000, Finished Goods ₦150,000 Credit: Raw Materials ₦20,000, Work-in-Progress ₦80,000, Finished Goods ₦120,000 What is the total value of the Finished Goods at the beginning of the year?

Answer Options

A. ₦120,000
B. ₦130,000
C. ₦140,000
Correct Answer D. ₦150,000
Correct Answer
D
Correct Option:
₦150,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Accounting Question 41. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

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