Post Utme Osustech 2018 Accounting Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Osustech Accounting examination.

Post Utme Osustech 2018 Accounting Objective / Multiple Choice
Question 33 POST_UTME_OSUSTECH • 2018 • ACCOUNTING • objective

A company uses the perpetual inventory system. On January 1, it had 100 units of inventory with a cost of ₦10 per unit. On January 15, it purchased 50 units at ₦12 per unit and sold 20 units at ₦20 per unit. Calculate the cost of goods sold.

Answer Options

Correct Answer A. ₦1,200
B. ₦1,200
C. ₦1,200
D. ₦1,200
Correct Answer
A
Correct Option:
₦1,200

About This Question

This is Post Utme Osustech 2018 Accounting Question 33. It is one of the objective questions from the 2018 Post Utme Osustech Accounting examination.

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