Post Utme Unilag 2017 Accounting Question 6

Practice objective / multiple choice question 6 from the 2017 Post Utme Unilag Accounting examination.

Post Utme Unilag 2017 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UNILAG • 2017 • ACCOUNTING • objective

A company produces two products, X and Y. The selling price of X is ₦100 per unit, and the selling price of Y is ₦120 per unit. The company sells 500 units of X and 300 units of Y. If the total revenue from the sale of both products is ₦63,000, what is the total cost of goods sold?

Answer Options

A. ₦42,000
Correct Answer B. ₦45,000
C. ₦48,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦45,000

About This Question

This is Post Utme Unilag 2017 Accounting Question 6. It is one of the objective questions from the 2017 Post Utme Unilag Accounting examination.

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