Following information is available regarding a product-X: 1 st January, 2015: Opening balance: 50 units @ ₹4 Receipts: 5 th January, 2015: 100 units @ ₹5 12 th January, 2015: 200 units @ ₹5.50 Issues: 2 nd January, 2015:
CS Executive · Cost and Management Accounting · PYQS · June 2015
Following information is available regarding a product-X: 1 st January, 2015: Opening balance: 50 units @ ₹4 Receipts: 5 th January, 2015: 100 units @ ₹5 12 th January, 2015: 200 units @ ₹5.50 Issues: 2 nd January, 2015: 30 units 18 th January, 2015: 170 units The value of closing stock according to FIFO method is —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Material Costing
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