Post Utme Unilorin 2018 Accounting Question 20
Practice objective / multiple choice question 20 from the 2018 Post Utme Unilorin Accounting examination.
A company has the following transactions during the year: January 1: Purchased equipment for ₦300,000. January 15: Sold merchandise for ₦100,000. February 10: Purchased merchandise for ₦50,000. March 20: Sold merchandise for ₦75,000. April 1: Purchased equipment for ₦200,000. May 15: Sold merchandise for ₦125,000. June 10: Purchased merchandise for ₦75,000. July 20: Sold merchandise for ₦100,000. August 1: Purchased equipment for ₦250,000. September 15: Sold merchandise for ₦150,000. October 10: Purchased merchandise for ₦100,000. November 20: Sold merchandise for ₦125,000. December 1: Purchased equipment for ₦300,000. December 15: Sold merchandise for ₦175,000. What is the total amount of cost of goods sold for the year?
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About This Question
This is Post Utme Unilorin 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Unilorin Accounting examination.
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