Post Utme Pan Atlantic University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses the perpetual inventory system. At the end of the year, the following information is available: Beginning inventory, 2,000 units at ₦10 each; purchases, 12,000 units at ₦12 each; sales, 8,000 units at ₦20 each. Calculate the cost of goods sold.

Answer Options

Correct Answer A. ₦96,000
B. ₦120,000
C. ₦144,000
D. ₦168,000
Correct Answer
A
Correct Option:
₦96,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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