Post Utme Unilorin 2023 Accounting Question 11
Practice objective / multiple choice question 11 from the 2023 Post Utme Unilorin Accounting examination.
A company uses the perpetual inventory system. On January 1, 2023, it had 500 units of a product in stock, costing ₦50 each. During the year, 300 units were sold for ₦150 each, and 200 units were purchased for ₦60 each. Calculate the cost of goods sold for the year.
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About This Question
This is Post Utme Unilorin 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Unilorin Accounting examination.
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