Post Utme Mountain Top University 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • 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 ₦800,000. The cost of goods available for sale is ₦2,500,000. Calculate the cost of ending inventory.

Answer Options

A. ₦600,000
B. ₦700,000
Correct Answer C. ₦800,000
D. ₦900,000
Correct Answer
C
Correct Option:
₦800,000

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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