Post Utme Oau 2018 Accounting Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Oau Accounting examination.

Post Utme Oau 2018 Accounting Objective / Multiple Choice
Question 3 POST_UTME_OAU • 2018 • ACCOUNTING • objective

A company has the following transactions related to its manufacturing operations: 1. Purchased raw materials for ₦100,000. 2. Incurred direct labor costs of ₦50,000. 3. Incurred indirect labor costs of ₦20,000. 4. Incurred factory overhead of ₦30,000. 5. Sold 1,000 units of product at ₦50 per unit. What is the total cost of goods sold for the year?

Answer Options

A. ₦150,000
B. ₦160,000
Correct Answer C. ₦170,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦170,000

About This Question

This is Post Utme Oau 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Oau Accounting examination.

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