Post Utme Bowen University 2025 Accounting Question 24
Practice objective / multiple choice question 24 from the 2025 Post Utme Bowen University Accounting examination.
A company uses the perpetual inventory system. On January 1, 2024, it had 500 units of a product in stock, valued at ₦150 each. During the year, 300 units were sold, and 200 units were purchased at ₦200 each. If the company uses the FIFO method to value its inventory, what is the total value of inventory on December 31, 2024?
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This is Post Utme Bowen University 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.
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