Post Utme Skyline University 2021 Commerce Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2021 Commerce Objective / Multiple Choice
Question 23 POST_UTME_SKYLINE_UNIVERSITY • 2021 • COMMERCE • objective

A company's stock control system involves a first-in-first-out (FIFO) inventory management policy. If the company has 100 units of a product with a cost of ₦500 per unit, and 50 units are sold, what is the total cost of the units sold?

Answer Options

Correct Answer A. ₦25,000
B. ₦25,000
C. ₦25,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦25,000

About This Question

This is Post Utme Skyline University 2021 Commerce Question 23. It is one of the objective questions from the 2021 Post Utme Skyline University Commerce examination.

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