Post Utme Veritas University 2017 Accounting Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2017 Accounting Objective / Multiple Choice
Question 27 POST_UTME_VERITAS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following transactions in its manufacturing account for the year: Opening inventory: ₦50,000 Direct materials used: ₦120,000 Direct labour: ₦80,000 Overheads: ₦60,000 Closing inventory: ₦90,000 What is the cost of goods manufactured?

Answer Options

A. ₦300,000
Correct Answer B. ₦320,000
C. ₦340,000
D. ₦360,000
Correct Answer
B
Correct Option:
₦320,000

About This Question

This is Post Utme Veritas University 2017 Accounting Question 27. It is one of the objective questions from the 2017 Post Utme Veritas University Accounting examination.

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