Multiple Choice
2 oct Opening balance=200 units @Rs 15 each, 4 Oct:Purchase=500 units @Rs 10 ,5 Oct Sales=600 units.What will be Closing Inventory value (in Rs) as per LIFO Method?
A) Rs 1000
B) Rs 500
C) Rs 8000
D) Rs 1500
Correct Answer:
Verified
Correct Answer:
Verified
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