Post Utme Uniport 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Uniport Accounting examination.

Post Utme Uniport 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_UNIPORT • 2020 • ACCOUNTING • objective

A company uses the perpetual inventory system. If the company purchases 1,000 units of inventory at ₦50 per unit, and the cost of goods sold is ₦80,000, what is the total cost of the inventory?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Uniport 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.

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