Post Utme Afe Babalola University 2018 Commerce Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2018 Commerce Objective / Multiple Choice
Question 22 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • COMMERCE • objective

A company's stock control system uses a first-in, first-out (FIFO) inventory method. If the company has 100 units of a product in stock, and 20 units are sold, what is the total value of the remaining units if the cost of each unit is ₦100?

Answer Options

Correct Answer A. ₦8000
B. ₦9000
C. ₦10000
D. ₦11000
Correct Answer
A
Correct Option:
₦8000

About This Question

This is Post Utme Afe Babalola University 2018 Commerce Question 22. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.

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