Question

On 15th July, a company purchased 2000 kgs
Rs.12 per kg and on 20th July - 4000 kgs @ Rs.18
per kg. If the Closing Stock is 500 kgs to be valued
as per FIFO method, the value will be
6000
9000
6500
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Answer 1

Answer:

Science, any system of knowledge that is concerned with the physical world and its phenomena and that entails unbiased observations and systematic experimentation. In general, a science involves a pursuit of knowledge covering general truths or the operations of fundamental laws.

Answer 2

"6500"

Explanation:

On

15th July  = 2000kg @ Rs 12

20th July = 4000kg @ Rs 18

Closing Stock = 500kgs

First In First Out means first one brought is sold first. Therefore Closing Stock is 2000+4000+500 = 6500