Post Utme Abu 2020 Commerce Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Abu Commerce examination.

Post Utme Abu 2020 Commerce Objective / Multiple Choice
Question 26 POST_UTME_ABU • 2020 • COMMERCE • objective

A company's inventory management system uses a first-in-first-out (FIFO) method. If the company has 500 units of a product with a cost of ₦120 per unit, and 200 units of the same product with a cost of ₦150 per unit, what is the total cost of the inventory?

Answer Options

A. ₦60,000
Correct Answer B. ₦62,000
C. ₦65,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦62,000

About This Question

This is Post Utme Abu 2020 Commerce Question 26. It is one of the objective questions from the 2020 Post Utme Abu Commerce examination.

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