Post Utme Veritas University 2023 Commerce Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2023 Commerce Objective / Multiple Choice
Question 36 POST_UTME_VERITAS_UNIVERSITY • 2023 • COMMERCE • objective

In a warehouse with a capacity of 10,000 units, the inventory level is currently at 8,000 units. The warehouse receives a shipment of 2,000 units and then sells 1,200 units. If the warehouse operates on a first-in-first-out (FIFO) inventory system, what is the new inventory level?

Answer Options

A. 6,800
Correct Answer B. 7,200
C. 8,000
D. 8,800
Correct Answer
B
Correct Option:
7,200

About This Question

This is Post Utme Veritas University 2023 Commerce Question 36. It is one of the objective questions from the 2023 Post Utme Veritas University Commerce examination.

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