alleryStart learning →Two units bought at Rs 10 and two at Rs 12 are all bought before two units are sold. FIFO cost of goods sold is
ARs 22
BRs 44
CRs 24
DRs 20
Answer & Solution
Correct answer: D. Rs 20
FIFO treats the earliest units as sold, so 10 + 10 = Rs 20.
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