Post Utme Summit University 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Summit University Accounting examination.

Post Utme Summit University 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_SUMMIT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company purchases 100 units of inventory at ₦50 per unit and sells 50 units at ₦60 per unit, what is the company's cost of goods sold?

Answer Options

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

About This Question

This is Post Utme Summit University 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Summit University Accounting examination.

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