Post Utme Delsu 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Delsu Commerce examination.

Post Utme Delsu 2024 Commerce Objective / Multiple Choice
Question 31 POST_UTME_DELSU • 2024 • COMMERCE • objective

In a warehouse with a capacity of 10,000 units, the inventory turnover ratio is 5 times per year. If the cost of goods sold is ₦1,200,000, what is the total value of inventory at the beginning of the year?

Answer Options

Correct Answer A. ₦2,400,000
B. ₦1,200,000
C. ₦600,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦2,400,000

About This Question

This is Post Utme Delsu 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Delsu Commerce examination.

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