Post Utme Babcock University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses the FIFO method to value its inventory. If the company purchases 100 units of inventory at ₦50 each, and the previous balance was 50 units at ₦60 each, what is the cost of goods sold?

Answer Options

Correct Answer A. ₦5,000
B. ₦6,000
C. ₦7,000
D. ₦8,000
Correct Answer
A
Correct Option:
₦5,000

About This Question

This is Post Utme Babcock University 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

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