Accountancy, asked by mannemhemani29, 2 months ago

The Cost of production of 7000 units of product M for March 2021 is Rs. 224000. Opening stock of 2000 units is valued at Rs. 30 per unit. If sales during the period is 8000 units, find the cost of goods sold given that the company follows LIFO method of valuation of stocks of Finished Goods (2 Points)

Rs. 252000

Rs. 254000

Rs. 243000

None of the above

Answers

Answered by arunkumar87924

0

Answer:

The Cost of production of 7000 units of product M for March 2021 is Rs. 224000. Opening stock of 2000 units is valued at Rs. 30 per unit. If sales during the period is 8000 units, find the cost of goods sold given that the company follows LIFO method of valuation of stocks of Finished Goods (2 Points)

Rs. 252000

Rs. 254000

Rs. 243000

None of the abovethis is my friend and my children

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