Post Utme Unilorin 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company's manufacturing account shows the following transactions: | Date | Particulars | Debit | Credit | | --- | --- | --- | --- | | 1 Jan | Raw Materials | ₦30,000 | | | 2 Jan | Labour | | ₦20,000 | | 3 Jan | Factory Overheads | ₦15,000 | | | 4 Jan | Work-in-Progress | | ₦50,000 | What is the cost of goods manufactured?

Answer Options

A. ₦65,000
B. ₦70,000
Correct Answer C. ₦75,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦75,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support