Post Utme Ims U 2021 Commerce Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Ims U Commerce examination.

Post Utme Ims U 2021 Commerce Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2021 • COMMERCE • objective

A firm has the following inventory levels: 100 units of raw materials, 50 units of work-in-progress, and 200 units of finished goods. If the firm uses the first-in-first-out (FIFO) method of inventory valuation, what is the total value of the inventory?

Answer Options

Correct Answer A. ₦250,000
B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦250,000

About This Question

This is Post Utme Ims U 2021 Commerce Question 27. It is one of the objective questions from the 2021 Post Utme Ims U Commerce examination.

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