Post Utme Oau 2019 Commerce Question 4

Practice objective / multiple choice question 4 from the 2019 Post Utme Oau Commerce examination.

Post Utme Oau 2019 Commerce Objective / Multiple Choice
Question 4 POST_UTME_OAU • 2019 • COMMERCE • objective

A company uses the First-In-First-Out (FIFO) inventory method. If the cost of goods sold is ₦1,500,000 and the total inventory value is ₦2,500,000, what is the cost of goods available for sale?

Answer Options

A. ₦3,000,000
B. ₦3,500,000
Correct Answer C. ₦4,000,000
D. ₦4,500,000
Correct Answer
C
Correct Option:
₦4,000,000

About This Question

This is Post Utme Oau 2019 Commerce Question 4. It is one of the objective questions from the 2019 Post Utme Oau Commerce examination.

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