Post Utme Crawford University 2025 Commerce Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2025 Commerce Objective / Multiple Choice
Question 28 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • COMMERCE • objective

A company uses the First-In-First-Out (FIFO) method of inventory valuation. If the company purchases 100 units of goods at ₦100 each and later purchases 50 units of goods at ₦120 each, what is the total cost of the goods using the FIFO method?

Answer Options

A. ₦12,000
B. ₦12,500
Correct Answer C. ₦13,000
D. ₦13,500
Correct Answer
C
Correct Option:
₦13,000

About This Question

This is Post Utme Crawford University 2025 Commerce Question 28. It is one of the objective questions from the 2025 Post Utme Crawford University Commerce examination.

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