Post Utme Wellspring University 2017 Commerce Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2017 Commerce Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • COMMERCE • objective

A company's stock control system involves a first-in, first-out (FIFO) inventory method. If the company has 100 units of a product with a cost of ₦50 per unit and 50 units of the same product with a cost of ₦75 per unit, what is the total cost of the inventory?

Answer Options

A. ₦6250
Correct Answer B. ₦7500
C. ₦8750
D. ₦10000
Correct Answer
B
Correct Option:
₦7500

About This Question

This is Post Utme Wellspring University 2017 Commerce Question 28. It is one of the objective questions from the 2017 Post Utme Wellspring University Commerce examination.

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