Post Utme Lasu 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company has the following transactions for the year ended December 31, 2022: - Purchased raw materials for ₦100,000. - Sold raw materials for ₦120,000. - Purchased finished goods for ₦150,000. - Sold finished goods for ₦180,000. Determine the cost of goods sold.

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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