Post Utme Joseph Ayo Babalola University 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A manufacturing company has the following transactions for the month of January: Purchased raw materials worth ₦50,000, sold goods worth ₦150,000, and incurred expenses of ₦20,000. What is the total cost of goods sold?

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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