Post Utme Achievers University 2023 Commerce Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2023 Commerce Objective / Multiple Choice
Question 6 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • COMMERCE • objective

A company's inventory management system uses a first-in-first-out (FIFO) method. If the company has 150 units of a product with a cost of ₦120 per unit, and 50 units are sold, what is the total value of the remaining units?

Answer Options

A. ₦18,000
Correct Answer B. ₦19,500
C. ₦20,250
D. ₦21,000
Correct Answer
B
Correct Option:
₦19,500

About This Question

This is Post Utme Achievers University 2023 Commerce Question 6. It is one of the objective questions from the 2023 Post Utme Achievers University Commerce examination.

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