Post Utme Noun 2021 Accounting Question 38
Practice objective / multiple choice question 38 from the 2021 Post Utme Noun Accounting examination.
A company uses the perpetual inventory system. On 1st January 2020, it had 100 units of a product in stock, valued at ₦10 each. During the year, 50 units were sold, and 20 units were returned. At the end of the year, 30 units were in stock. Calculate the cost of goods sold for the year.
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About This Question
This is Post Utme Noun 2021 Accounting Question 38. It is one of the objective questions from the 2021 Post Utme Noun Accounting examination.
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