Post Utme Unilag 2022 Accounting Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Unilag Accounting examination.

Post Utme Unilag 2022 Accounting Objective / Multiple Choice
Question 18 POST_UTME_UNILAG • 2022 • ACCOUNTING • objective

A company uses the perpetual inventory system. The company's beginning inventory is ₦50,000, and its purchases during the period are ₦200,000. The company also has a sales return of ₦10,000. Calculate the company's cost of goods sold.

Answer Options

A. ₦230,000
Correct Answer B. ₦240,000
C. ₦250,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦240,000

About This Question

This is Post Utme Unilag 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Unilag Accounting examination.

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