Post Utme Afe Babalola University 2022 Commerce Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2022 Commerce Objective / Multiple Choice
Question 1 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • COMMERCE • objective

A company's inventory management system uses a first-in-first-out (FIFO) method. If the system has 120 units of a product with a cost of ₦150 per unit, and 30 units are sold, what is the total cost of the units sold?

Answer Options

Correct Answer A. ₦4,500
B. ₦4,200
C. ₦4,800
D. ₦5,000
Correct Answer
A
Correct Option:
₦4,500

About This Question

This is Post Utme Afe Babalola University 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Commerce examination.

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