Post Utme Coal City University 2025 Accounting Question 37
Practice objective / multiple choice question 37 from the 2025 Post Utme Coal City University Accounting examination.
A company uses the perpetual inventory system. On January 1, 2025, it had 500 units of a product on hand, valued at ₦1,500 each. During the year, 300 units were sold, and 200 units were purchased for ₦2,000 each. If the company uses the FIFO method to value its inventory, what is the total value of the inventory on December 31, 2025?
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This is Post Utme Coal City University 2025 Accounting Question 37. It is one of the objective questions from the 2025 Post Utme Coal City University Accounting examination.
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