Post Utme Greenfield University 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the FIFO method to value its inventory. The company's inventory consists of two types of items: X and Y. The cost of item X is ₦100, and item Y is ₦200. The quantities of items X and Y are 50 and 20 units, respectively. The total cost of the inventory is ₦10,000. What is the cost per unit of item X?

Answer Options

Correct Answer A. ₦120
B. ₦150
C. ₦180
D. ₦200
Correct Answer
A
Correct Option:
₦120

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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