Post Utme Veritas University 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2024 Accounting Objective / Multiple Choice
Question 21 POST_UTME_VERITAS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the job order costing system. On January 1, 2024, it had a work-in-progress balance of ₦50,000. During the year, it incurred ₦100,000 in direct labor costs and ₦50,000 in direct materials costs. What is the total cost of goods manufactured for the year?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Veritas University 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Veritas University Accounting examination.

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