Post Utme Madonna University 2024 Accounting Question 6
Practice objective / multiple choice question 6 from the 2024 Post Utme Madonna University Accounting examination.
A company uses the perpetual inventory system. The following transactions occurred during the year: 1. Purchased office supplies for ₦15,000. 2. Sold goods for ₦200,000. 3. Purchased goods for ₦300,000. 4. Sold office supplies for ₦5,000. 5. Purchased goods for ₦150,000. 6. Sold goods for ₦250,000. 7. Purchased office supplies for ₦20,000. 8. Sold goods for ₦100,000. The company's beginning inventory was ₦50,000. The cost of goods sold is ₦400,000. What is the company's ending inventory?
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About This Question
This is Post Utme Madonna University 2024 Accounting Question 6. It is one of the objective questions from the 2024 Post Utme Madonna University Accounting examination.
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