Post Utme Noun 2023 Accounting Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Noun Accounting examination.

Post Utme Noun 2023 Accounting Objective / Multiple Choice
Question 22 POST_UTME_NOUN • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials for ₦120,000, purchased work-in-progress for ₦180,000, and sold finished goods for ₦240,000. The company uses the perpetual inventory system. What is the total value of the inventory?

Answer Options

A. ₦540,000
Correct Answer B. ₦600,000
C. ₦720,000
D. ₦840,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Noun 2023 Accounting Question 22. It is one of the objective questions from the 2023 Post Utme Noun Accounting examination.

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