Post Utme Rhema University 2022 Accounting Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

A manufacturing company uses a job order costing system. The company has two departments: Cutting and Assembly. The Cutting department has a beginning balance of ₦50,000 in Work in Process (WIP) and adds ₦200,000 in direct materials and ₦150,000 in direct labor during the period. The Assembly department has a beginning balance of ₦30,000 in WIP and adds ₦100,000 in direct materials and ₦80,000 in direct labor during the period. What is the total cost of goods manufactured?

Answer Options

A. ₦430,000
B. ₦470,000
Correct Answer C. ₦510,000
D. ₦550,000
Correct Answer
C
Correct Option:
₦510,000

About This Question

This is Post Utme Rhema University 2022 Accounting Question 12. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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