Post Utme Madonna University 2017 Accounting Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2017 Accounting Objective / Multiple Choice
Question 22 POST_UTME_MADONNA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following transactions related to its manufacturing accounts: | Date | Description | Quantity | Unit Cost | Total Cost | | --- | --- | --- | --- | --- | | 1 | Purchase of raw materials | 100 | ₦10 | ₦1,000 | | 2 | Purchase of raw materials | 50 | ₦15 | ₦750 | | 3 | Purchase of raw materials | 200 | ₦12 | ₦2,400 | | 4 | Sale of finished goods | 150 | ₦20 | ₦3,000 | What is the total cost of goods sold?

Answer Options

A. ₦4,150
Correct Answer B. ₦4,500
C. ₦5,000
D. ₦5,500
Correct Answer
B
Correct Option:
₦4,500

About This Question

This is Post Utme Madonna University 2017 Accounting Question 22. It is one of the objective questions from the 2017 Post Utme Madonna University Accounting examination.

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