Post Utme Rhema University 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 15 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company purchases 100 units of inventory at ₦50 each and sells 50 units at ₦75 each, what is the cost of goods sold?

Answer Options

A. ₦2,500
Correct Answer B. ₦3,750
C. ₦4,000
D. ₦5,000
Correct Answer
B
Correct Option:
₦3,750

About This Question

This is Post Utme Rhema University 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

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