Post Utme Uniosun 2025 Accounting Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2025 Accounting Objective / Multiple Choice
Question 17 POST_UTME_UNIOSUN • 2025 • ACCOUNTING • objective

A company uses the perpetual inventory system. On January 1, it had 500 units of a product on hand at a cost of ₦100 per unit. During the month, 300 units were sold, and 200 units were purchased at ₦120 per unit. Prepare the company's perpetual inventory records for the month.

Answer Options

A. ₦30,000
B. ₦35,000
Correct Answer C. ₦40,000
D. ₦45,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Uniosun 2025 Accounting Question 17. It is one of the objective questions from the 2025 Post Utme Uniosun Accounting examination.

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