Post Utme Veritas University 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 20 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the FIFO method to value its inventory. The beginning inventory is 100 units at ₦10 per unit, and the purchases during the month are 200 units at ₦15 per unit. What is the total cost of goods sold?

Answer Options

A. ₦3,500
B. ₦4,000
Correct Answer C. ₦4,500
D. ₦5,000
Correct Answer
C
Correct Option:
₦4,500

About This Question

This is Post Utme Veritas University 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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