Post Utme Ui 2023 Accounting Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Ui Accounting examination.

Post Utme Ui 2023 Accounting Objective / Multiple Choice
Question 38 POST_UTME_UI • 2023 • ACCOUNTING • objective

A company uses the FIFO method to value its inventory. The company's inventory consists of two types of goods: A and B. The cost of goods A is ₦100,000, and the number of units sold is 200. The cost of goods B is ₦120,000, and the number of units sold is 300. The total cost of goods sold is ₦240,000. What is the cost per unit of goods B?

Answer Options

A. ₦400
Correct Answer B. ₦420
C. ₦440
D. ₦460
Correct Answer
B
Correct Option:
₦420

About This Question

This is Post Utme Ui 2023 Accounting Question 38. It is one of the objective questions from the 2023 Post Utme Ui Accounting examination.

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