Post Utme Nile University 2019 Commerce Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Nile University Commerce examination.

Post Utme Nile University 2019 Commerce Objective / Multiple Choice
Question 10 POST_UTME_NILE_UNIVERSITY • 2019 • COMMERCE • objective

A company uses the FIFO method to value its inventory. The cost of goods available for sale is ₦1,500,000, and the total cost of goods sold is ₦1,200,000. Calculate the cost of goods sold using the FIFO method.

Answer Options

A. ₦1,100,000
Correct Answer B. ₦1,200,000
C. ₦1,300,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,200,000

About This Question

This is Post Utme Nile University 2019 Commerce Question 10. It is one of the objective questions from the 2019 Post Utme Nile University Commerce examination.

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