Post Utme Babcock University 2021 Commerce Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2021 Commerce Objective / Multiple Choice
Question 2 POST_UTME_BABCOCK_UNIVERSITY • 2021 • 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 with a cost of ₦50 each, and 20 units are sold, what is the total cost of the units sold?

Answer Options

Correct Answer A. ₦1,000
B. ₦1,200
C. ₦1,400
D. ₦1,600
Correct Answer
A
Correct Option:
₦1,000

About This Question

This is Post Utme Babcock University 2021 Commerce Question 2. It is one of the objective questions from the 2021 Post Utme Babcock University Commerce examination.

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