Post Utme Mountain Top University 2017 Commerce Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2017 Commerce Objective / Multiple Choice
Question 2 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • COMMERCE • objective

A company's inventory system uses a first-in, first-out (FIFO) method. If the company has 100 units of a product in stock, and 20 units are sold, what is the new quantity of the product in stock?

Answer Options

Correct Answer A. 80
B. 90
C. 100
D. 120
Correct Answer
A
Correct Option:
80

About This Question

This is Post Utme Mountain Top University 2017 Commerce Question 2. It is one of the objective questions from the 2017 Post Utme Mountain Top University Commerce examination.

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