Post Utme Uniport 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Uniport Accounting examination.

Post Utme Uniport 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_UNIPORT • 2023 • ACCOUNTING • objective

A company has the following transactions during the year: Debit: Raw Materials ₦ 100,000, Work-in-Progress ₦ 50,000, Finished Goods ₦ 75,000, Cost of Goods Sold ₦ 200,000 Credit: Purchases ₦ 150,000, Direct Labour ₦ 25,000, Factory Overheads ₦ 30,000 What is the value of Work-in-Progress at the end of the year?

Answer Options

A. ₦ 25,000
Correct Answer B. ₦ 50,000
C. ₦ 75,000
D. ₦ 100,000
Correct Answer
B
Correct Option:
₦ 50,000

About This Question

This is Post Utme Uniport 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Uniport Accounting examination.

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