Post Utme Osustech 2022 Commerce Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Osustech Commerce examination.

Post Utme Osustech 2022 Commerce Objective / Multiple Choice
Question 10 POST_UTME_OSUSTECH • 2022 • COMMERCE • objective

A company uses the following inventory management system: first-in, first-out (FIFO). If the company has 100 units of a product with a cost of ₦100 per unit, and the company sells 50 units, what is the total cost of the units sold?

Answer Options

A. ₦5,000
Correct Answer B. ₦10,000
C. ₦15,000
D. ₦20,000
Correct Answer
B
Correct Option:
₦10,000

About This Question

This is Post Utme Osustech 2022 Commerce Question 10. It is one of the objective questions from the 2022 Post Utme Osustech Commerce examination.

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