Post Utme Ui 2022 Accounting Question 36
Practice objective / multiple choice question 36 from the 2022 Post Utme Ui Accounting examination.
A company uses the perpetual inventory system. On January 1, 2022, it had 1,000 units of a product in stock, costing ₦100 each. During the year, 500 units were sold, and 200 units were returned by customers. The company purchased 1,200 units at ₦120 each in March 2022 and 800 units at ₦130 each in September 2022. Calculate the cost of goods sold for the year.
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About This Question
This is Post Utme Ui 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Ui Accounting examination.
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