Post Utme Pan Atlantic University 2021 Accounting Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 24 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company produces 500 units of a product in a month. The total cost of production is ₦250,000, which includes direct materials of ₦120,000 and direct labor of ₦80,000. The company uses the weighted average method to assign overheads. The overheads for the month are ₦30,000. Calculate the cost of goods sold.

Answer Options

A. ₦230,000
B. ₦240,000
Correct Answer C. ₦250,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 24. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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