Post Utme Esut 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A company uses the FIFO method to value its inventory. The company's inventory has the following costs: ₦20,000, ₦25,000, and ₦30,000. If the company sells 2 units of inventory, what is the total cost of goods sold?

Answer Options

A. ₦55,000
B. ₦60,000
Correct Answer C. ₦65,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦65,000

About This Question

This is Post Utme Esut 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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