Post Utme Noun 2017 Accounting Question 35
Practice objective / multiple choice question 35 from the 2017 Post Utme Noun Accounting examination.
A company uses the perpetual inventory system. On 1st January 2022, it had 500 units of a product in stock at a cost of ₦100 per unit. During the year, 300 units were sold at ₦200 per unit. On 31st December 2022, there were 200 units left in stock. Calculate the cost of goods sold for the year.
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About This Question
This is Post Utme Noun 2017 Accounting Question 35. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.
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