Post Utme Rsu 2023 Accounting Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Rsu Accounting examination.

Post Utme Rsu 2023 Accounting Objective / Multiple Choice
Question 4 POST_UTME_RSU • 2023 • ACCOUNTING • objective

A company uses the perpetual inventory system. On January 1, it had 500 units of inventory with a cost of ₦10 per unit. During the year, 200 units were sold, and 100 units were purchased at ₦12 per unit. What is the cost of goods sold?

Answer Options

Correct Answer A. ₦2,200
B. ₦2,500
C. ₦2,800
D. ₦3,000
Correct Answer
A
Correct Option:
₦2,200

About This Question

This is Post Utme Rsu 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Rsu Accounting examination.

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