Post Utme Unilorin 2017 Accounting Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 30 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

A company uses the FIFO method to value its inventory. If the cost of the current period's purchases is ₦150,000, the cost of the previous period's inventory is ₦100,000, and the total cost of goods available for sale is ₦250,000, what is the cost of goods sold?

Answer Options

A. ₦120,000
Correct Answer B. ₦150,000
C. ₦180,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 30. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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