Post Utme Madonna University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_MADONNA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the perpetual inventory system. The cost of goods sold for the year is ₦1,500,000. The beginning inventory is ₦500,000, and the ending inventory is ₦700,000. Calculate the cost of goods available for sale.

Answer Options

A. ₦1,200,000
B. ₦1,500,000
Correct Answer C. ₦1,800,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,800,000

About This Question

This is Post Utme Madonna University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Madonna University Accounting examination.

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