Post Utme Christopher University 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2017 Commerce Objective / Multiple Choice
Question 34 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • COMMERCE • objective

A firm's inventory management system uses the First-In-First-Out (FIFO) method. If the firm has 100 units of a product with a cost of ₦500 per unit, and the selling price is ₦600 per unit, calculate the total revenue from selling the entire inventory.

Answer Options

A. ₦60,000
B. ₦65,000
C. ₦70,000
Correct Answer D. ₦75,000
Correct Answer
D
Correct Option:
₦75,000

About This Question

This is Post Utme Christopher University 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.

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