Post Utme Unn 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Unn Accounting examination.

Post Utme Unn 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNN • 2019 • ACCOUNTING • objective

A company uses the FIFO method to value its inventory. If the cost of the first 100 units of inventory is ₦10 each and the cost of the next 200 units is ₦12 each, what is the total cost of the first 100 units of inventory?

Answer Options

Correct Answer A. ₦1,000
B. ₦1,200
C. ₦1,500
D. ₦2,000
Correct Answer
A
Correct Option:
₦1,000

About This Question

This is Post Utme Unn 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Unn Accounting examination.

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