Post Utme Rsu 2023 Accounting Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Rsu Accounting examination.

Post Utme Rsu 2023 Accounting Objective / Multiple Choice
Question 29 POST_UTME_RSU • 2023 • ACCOUNTING • objective

A company uses the perpetual inventory system to account for its inventory. The company's beginning inventory was ₦50,000, and its purchases during the year were ₦150,000. If the company's ending inventory is ₦80,000, what is the company's cost of goods sold?

Answer Options

A. ₦120,000
B. ₦130,000
Correct Answer C. ₦140,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦140,000

About This Question

This is Post Utme Rsu 2023 Accounting Question 29. It is one of the objective questions from the 2023 Post Utme Rsu Accounting examination.

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