Post Utme Unilorin 2019 Accounting Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2019 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNILORIN • 2019 • ACCOUNTING • objective

A company's manufacturing account for the year ended 31st December 2022 is as follows: Opening Work-in-Progress: ₦100,000; Direct Materials: ₦200,000; Direct Labour: ₦150,000; Closing Work-in-Progress: ₦120,000. Calculate the cost of goods manufactured for the year.

Answer Options

A. ₦450,000
B. ₦470,000
Correct Answer C. ₦490,000
D. ₦510,000
Correct Answer
C
Correct Option:
₦490,000

About This Question

This is Post Utme Unilorin 2019 Accounting Question 3. It is one of the objective questions from the 2019 Post Utme Unilorin Accounting examination.

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