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1/5/07 Purchased 100 bags of milk at #10.00k each3/5/07 Purchased 60 bags of milk at...


Question

1/5/07 Purchased 100 bags of milk at #10.00k each

3/5/07 Purchased 60 bags of milk at #11.50k each

15/5/07 Issued 85 bags of milk

15/5/07 Purchased 180 bags of milk at #12.80K each

22/5/07 Issued 145 bags of milk.Using FIFO method, what would be the value of stock as at 9/5/07?

Options

A) #862.50

B) #840.00

C) #806.25

D) #750.00

The correct answer is D.


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