Question

    Consider the following information:

    src="https://www.ixambee.com/questionimage/Chapter/1689310787-18.png" alt="" /> Which one of the following is the value of inventory on January 31 under perpetual inventory system using First-In-First-Out (FIFO) method?
    A ₹6,700 Correct Answer Incorrect Answer
    B ₹8,700 Correct Answer Incorrect Answer
    C ₹10,700 Correct Answer Incorrect Answer
    D ₹12,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next