Post Utme Rsu 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Rsu Accounting examination.

Post Utme Rsu 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_RSU • 2023 • ACCOUNTING • objective

A manufacturing company uses the process cost method to account for its production costs. The company's production costs for the year include direct materials of ₦1,500,000, direct labor of ₦2,000,000, and manufacturing overhead of ₦3,000,000. If the company's total production costs for the year were ₦6,500,000, what is the amount of the company's cost of goods sold?

Answer Options

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

About This Question

This is Post Utme Rsu 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Rsu Accounting examination.

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