alleryStart learning →Using last-in first-out, what does a 250 unit issue cost if lots arrived as 100 at Rs 10, 200 at Rs 12 and 100 at Rs 14?
ARs 2,800
BRs 2,600
CRs 3,000
DRs 3,200
Answer & Solution
Correct answer: D. Rs 3,200
LIFO takes 100 units at Rs 14 and 150 at Rs 12, which is 1,400 plus 1,800 equal to Rs 3,200.
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