Use the information below to answer this questionDate.............QTY. .....RATE...
Question
Use the information below to answer this question
Date.............QTY. .....RATE........TOTAL
...............(Units).....N...........N
January 2nd.....500........25..........12500
March 7th.......250........28..........7000
Issues were made as follows:
Date............QTY. (uNITS)
January 9th .....200
February 14th ...200
March 11th ......200
The closing stock on March 11th by LIFO valuation is
Options
A)
₦4200

B)
₦2700
C)
₦4500
D)
₦3900
The correct answer is A.
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