Post Utme Madonna University 2025 Accounting Question 5

Practice objective / multiple choice question 5 from the 2025 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2025 Accounting Objective / Multiple Choice
Question 5 POST_UTME_MADONNA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the FIFO method of inventory valuation. The beginning inventory is ₦100,000 and the cost of goods available for sale is ₦500,000. The ending inventory is ₦150,000. What is the cost of goods sold?

Answer Options

Correct Answer A. ₦350,000
B. ₦400,000
C. ₦450,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦350,000

About This Question

This is Post Utme Madonna University 2025 Accounting Question 5. It is one of the objective questions from the 2025 Post Utme Madonna University Accounting examination.

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