Post Utme Summit University 2023 Accounting Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Summit University Accounting examination.

Post Utme Summit University 2023 Accounting Objective / Multiple Choice
Question 39 POST_UTME_SUMMIT_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased raw materials for ₦100,000, sold goods for ₦150,000, and purchased equipment for ₦50,000. The company uses the perpetual inventory system. Calculate the cost of goods sold.

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Summit University 2023 Accounting Question 39. It is one of the objective questions from the 2023 Post Utme Summit University Accounting examination.

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