Post Utme Unn 2025 Commerce Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Unn Commerce examination.

Post Utme Unn 2025 Commerce Objective / Multiple Choice
Question 15 POST_UTME_UNN • 2025 • COMMERCE • objective

A company's inventory management system uses the First-In-First-Out (FIFO) method. If the company has 100 units of a product with a cost of ₦50 each, and 20 units are sold, what is the total cost of the units sold?

Answer Options

A. ₦1,000
Correct Answer B. ₦1,200
C. ₦1,400
D. ₦1,600
Correct Answer
B
Correct Option:
₦1,200

About This Question

This is Post Utme Unn 2025 Commerce Question 15. It is one of the objective questions from the 2025 Post Utme Unn Commerce examination.

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