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

Question

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The Answer of 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

2 Oct Opening Balance=200 Units @Rs 15 Each, 4 Oct:Purchase=500