Post Utme Summit University 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Summit University Accounting examination.

Post Utme Summit University 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_SUMMIT_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses the perpetual inventory system. The company's beginning inventory is 100 units at ₦50 each. During the period, the company purchases 200 units at ₦60 each and sells 150 units at ₦80 each. What is the cost of goods sold?

Answer Options

A. ₦12,000
B. ₦15,000
Correct Answer C. ₦18,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦18,000

About This Question

This is Post Utme Summit University 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Summit University Accounting examination.

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