Question 0

1/5/07 Purchased 100 bags of milk at #10.00k each
3/5/07 Purchased 60 bags of milk at #11.50k each
15/5/07 Issued 85 bags of milk
15/5/07 Purchased 180 bags of milk at #12.80K each
22/5/07 Issued 145 bags of milk.

Using simple average method, calculate the value of stock after 22/5/07

  • A.#1,198.00
  • B.#1,218.38
  • C.#1,257.67
  • D.#1,408.00
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2012
Question no.
#0
Type
Objective

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