Post Utme Joseph Ayo Babalola University 2022 Commerce Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2022 Commerce Objective / Multiple Choice
Question 39 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • COMMERCE • objective

A company's warehousing policy involves the use of a first-in-first-out (FIFO) inventory system. If the company has 100 units of a product with a cost of ₦100 per unit, and 20 units are sold, what is the total cost of the remaining units?

Answer Options

A. ₦8,000
B. ₦8,000
C. ₦8,000
Correct Answer D. ₦8,000
Correct Answer
D
Correct Option:
₦8,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Commerce examination.

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