Use the information below to answer this question
Date………….QTY. …..RATE……..TOTAL
……………(Units)…..N………..N
January 2nd…..500……..25……….12500
March 7th…….250……..28……….7000
Issues were made as follows:
Date…………QTY. (uNITS)
January 9th …..200
February 14th …200
March 11th ……200
The closing stock on March 11th by LIFO valuation is
A N4200
B N2700
C N4500
D N3900
Answer is A
