Use the information below to answer questions 20 and 21.Jan. 1 Received 1,000 un...

Question

Use the information below to answer questions 20 and 21.Jan. 1 Received 1,000 units at ₦10 each

Jan. 2 Received 2,000 units at ₦12 each

Jan. 3 Issued 1,500 units

Jan. 4 Received 1,000 units at ₦11 each

Jan. 5 Issued 1,000 unitsUsing FIFO method, what is the value of the closing stock?

Options

C)

₦17,000