Post Utme Rhema University 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_RHEMA_UNIVERSITY • 2018 • COMMERCE • objective

A company uses the FIFO method of inventory valuation. If it purchases 100 units of a product at ₦100 each and 50 units at ₦120 each, what is the total cost of the inventory?

Answer Options

A. ₦12,500
B. ₦13,000
Correct Answer C. ₦13,500
D. ₦14,000
Correct Answer
C
Correct Option:
₦13,500

About This Question

This is Post Utme Rhema University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.

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