Question

30. Calculate the value of closing stock from the information
given below, if FIFO method is being followed.
Opening balance on 1st April, 2015 is 500 units @ 40
Receipts:
5th April, 2015: 1,000 units @ 50
12th April, 2015: 2,000 units @ 45
Issued:
2nd April, 2015 : 300 units
18th April, 2015: 1,500 units
(a) * 68,000
(b) 76,500
(c) 75,000
(d) 76,500​

Answer 1

Answer:

That's difficult In which class's did you study