alleryStart learning →A shop buys 2 units at Rs 10, later 2 at Rs 12, then sells 2. Under LIFO the cost charged is
ARs 24
BRs 20
CRs 44
DRs 22
Answer & Solution
Correct answer: A. Rs 24
LIFO treats the latest units as sold, so 12 + 12 = Rs 24.
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