Post Utme Lautech 2022 Commerce Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Lautech Commerce examination.

Post Utme Lautech 2022 Commerce Objective / Multiple Choice
Question 12 POST_UTME_LAUTECH • 2022 • COMMERCE • objective

A company's stock control system uses a first-in-first-out (FIFO) inventory method. If the company has 100 units of a product with a cost of ₦50 each, and 50 units are sold, what is the total cost of the units sold?

Answer Options

Correct Answer A. ₦2,500
B. ₦2,000
C. ₦1,750
D. ₦1,500
Correct Answer
A
Correct Option:
₦2,500

About This Question

This is Post Utme Lautech 2022 Commerce Question 12. It is one of the objective questions from the 2022 Post Utme Lautech Commerce examination.

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