Post Utme Wellspring University 2025 Commerce Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2025 Commerce Objective / Multiple Choice
Question 2 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • COMMERCE • objective

A company uses a first-in-first-out (FIFO) inventory system. If the oldest item in the warehouse has a cost of ₦1200 and the next oldest item has a cost of ₦1500, what is the total cost of the first two items?

Answer Options

Correct Answer A. ₦2700
B. ₦2700
C. ₦2700
D. ₦2700
Correct Answer
A
Correct Option:
₦2700

About This Question

This is Post Utme Wellspring University 2025 Commerce Question 2. It is one of the objective questions from the 2025 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