Post Utme Uniport 2022 Commerce Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Uniport Commerce examination.

Post Utme Uniport 2022 Commerce Objective / Multiple Choice
Question 3 POST_UTME_UNIPORT • 2022 • COMMERCE • objective

A firm's inventory is given by the following table: | Date | Quantity | Value | | --- | --- | --- | | 1 | 100 | 1000 | | 2 | 120 | 1200 | | 3 | 150 | 1500 | | 4 | 180 | 1800 | | 5 | 200 | 2000 | If the firm wants to calculate the total value of inventory on date 3, what is the correct formula?

Answer Options

Correct Answer A. V_3 = Q_3 \times \frac{V_1 + V_2 + V_3}{Q_1 + Q_2 + Q_3}
B. V_3 = Q_3 \times \frac{V_1 + V_2}{Q_1 + Q_2}
C. V_3 = Q_3 \times \frac{V_1}{Q_1}
D. V_3 = Q_3 \times \frac{V_2}{Q_2}
Correct Answer
A
Correct Option:
V_3 = Q_3 \times \frac{V_1 + V_2 + V_3}{Q_1 + Q_2 + Q_3}

About This Question

This is Post Utme Uniport 2022 Commerce Question 3. It is one of the objective questions from the 2022 Post Utme Uniport Commerce examination.

View More Post Utme Uniport 2022 Commerce Questions More Post Utme Uniport Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support