Post Utme Unilag 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Unilag Accounting examination.

Post Utme Unilag 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_UNILAG • 2023 • ACCOUNTING • objective

A company uses the FIFO method of inventory valuation. The company's accountant has recorded the following information: Beginning inventory 100 units @ 10, Purchases 200 units @ 12, Sales 150 units @ 15 What is the cost of goods sold?

Answer Options

A. 1,800
Correct Answer B. 2,100
C. 2,400
D. 2,700
Correct Answer
B
Correct Option:
2,100

About This Question

This is Post Utme Unilag 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Unilag Accounting examination.

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