Post Utme Delsu 2023 Commerce Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Delsu Commerce examination.

Post Utme Delsu 2023 Commerce Objective / Multiple Choice
Question 5 POST_UTME_DELSU • 2023 • COMMERCE • objective

A company's stock control system uses the First-In-First-Out (FIFO) method to determine the cost of goods sold. If the company has 100 units of stock with a cost of ₦50 per unit and 50 units of stock with a cost of ₦75 per unit, what is the total cost of goods sold if the company sells 150 units?

Answer Options

A. ₦7,500
B. ₦8,000
Correct Answer C. ₦9,000
D. ₦10,000
Correct Answer
C
Correct Option:
₦9,000

About This Question

This is Post Utme Delsu 2023 Commerce Question 5. It is one of the objective questions from the 2023 Post Utme Delsu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support