Post Utme Madonna University 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company purchases 100 units of inventory at ₦50 each, and the previous inventory balance was 50 units at ₦40 each, what is the total value of the inventory?

Answer Options

A. ₦6,500
B. ₦7,000
C. ₦7,500
Correct Answer D. ₦8,000
Correct Answer
D
Correct Option:
₦8,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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