Post Utme Joseph Ayo Babalola University 2024 Accounting Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2024 Accounting Objective / Multiple Choice
Question 33 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the cost of goods sold is ₦500,000 and the beginning inventory is ₦200,000, what is the value of the ending inventory?

Answer Options

A. ₦300,000
Correct Answer B. ₦400,000
C. ₦500,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Accounting Question 33. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support