alleryStart learning →After a LIFO issue of 250 units from lots 100 at Rs 10, 200 at Rs 12, 100 at Rs 14, value the rest.
ARs 2,000
BRs 1,800
CRs 1,600
DRs 1,400
Answer & Solution
Correct answer: C. Rs 1,600
With LIFO the remaining units are the oldest: 100 at Rs 10 plus 50 at Rs 12, which is 1,000 plus 600 equal to Rs 1,600.
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