Post Utme Pan Atlantic University 2025 Accounting Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2025 Accounting Objective / Multiple Choice
Question 8 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the perpetual inventory system. The cost of goods sold for the year is ₦1,200,000. The beginning inventory is ₦300,000. The cost of goods available for sale is ₦1,800,000. Calculate the cost of ending inventory.

Answer Options

A. ₦500,000
Correct Answer B. ₦600,000
C. ₦700,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦600,000

About This Question

This is Post Utme Pan Atlantic University 2025 Accounting Question 8. It is one of the objective questions from the 2025 Post Utme Pan Atlantic University Accounting examination.

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