Post Utme Greenfield University 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_GREENFIELD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company uses the LIFO 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 Y?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Greenfield University Accounting examination.

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