Using LIFO method of stock valuation, analyze the issue quantities and their prices
A 260 units at N1.50
B 700 units at N1.50
C 200 units at N1.50 and 500 units at N1.00
D 350 units at N1.50 and 350 units at N1.00
Answer is A
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Using LIFO method of stock valuation, analyze the issue quantities and their prices
A 260 units at N1.50
B 700 units at N1.50
C 200 units at N1.50 and 500 units at N1.00
D 350 units at N1.50 and 350 units at N1.00
Answer is A
