Post Utme Ims U 2019 Commerce Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Ims U Commerce examination.

Post Utme Ims U 2019 Commerce Objective / Multiple Choice
Question 4 POST_UTME_IMS_U • 2019 • COMMERCE • objective

A firm's stock control system uses a first-in-first-out (FIFO) inventory method. If it has 100 units of stock with a cost of ₦100 each, and it sells 20 units, what is the total cost of the stock sold?

Answer Options

A. ₦2000
Correct Answer B. ₦2200
C. ₦2400
D. ₦2600
Correct Answer
B
Correct Option:
₦2200

About This Question

This is Post Utme Ims U 2019 Commerce Question 4. It is one of the objective questions from the 2019 Post Utme Ims U Commerce examination.

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