alleryStart learning →After 60 of 100 units are issued by LIFO, what are the 40 left worth? Lots were 50 at Rs 20 and 50 at Rs 24.
ARs 960
BRs 920
CRs 800
DRs 880
Answer & Solution
Correct answer: C. Rs 800
LIFO issues 50 of the Rs 24 lot and 10 of the Rs 20 lot, leaving 40 units at Rs 20, which is Rs 800.
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