Post Utme Noun 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Noun Accounting examination.

Post Utme Noun 2023 Accounting Objective / Multiple Choice
Question 23 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 periodic 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 23. It is one of the objective questions from the 2023 Post Utme Noun Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support