Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

How do I practice JAMB past questions on Examkits?

You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNT

JAMB 2023 - Question 28

Account 2023 JAMB Past Questions - Question 28: An advantage of FIFO method of stock valuation is that

An advantage of FIFO method of stock valuation is that

A: it is calculated at the end of the year

B: its flow of cost is in sequence with the flow of stock

C: it is progressive in nature

D: it serves as a control during inflation

Examkit's JAMB CBT App

Practice JAMB offline with our Online, PC and Mobile App

✅ 25+ years of past questions (2000 to 2025)
✅ Video solutions and explanation to questions
✅ E-library
✅ Study by topic
✅ And more.

Correct Answer

Explanation

One of the advantages of FIFO method is that the stock received first will be issued out first thereby reducing the problem of deterioration or obsolesence and also items are issued in order of receipt therefore, it is realistic.