Post Utme Lead City University 2024 Accounting Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 22 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the perpetual inventory system. The cost of goods sold for the month of January is ₦1,200,000. The beginning inventory is ₦800,000, and the ending inventory is ₦600,000. What is the cost of goods available for sale for the month of January?

Answer Options

A. ₦1,400,000
Correct Answer B. ₦1,600,000
C. ₦1,800,000
D. ₦2,000,000
Correct Answer
B
Correct Option:
₦1,600,000

About This Question

This is Post Utme Lead City University 2024 Accounting Question 22. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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