Post Utme Summit University 2023 Commerce Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Summit University Commerce examination.

Post Utme Summit University 2023 Commerce Objective / Multiple Choice
Question 24 POST_UTME_SUMMIT_UNIVERSITY • 2023 • COMMERCE • objective

A company uses the FIFO method of inventory valuation. If the company purchases 100 units of a product at ₦10 each and later purchases 50 units at ₦15 each, what is the cost of the 50 units purchased at ₦15 each?

Answer Options

A. ₦750
Correct Answer B. ₦750.00
C. ₦750.00
D. ₦750.00
Correct Answer
B
Correct Option:
₦750.00

About This Question

This is Post Utme Summit University 2023 Commerce Question 24. It is one of the objective questions from the 2023 Post Utme Summit University Commerce examination.

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