38-DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will bea.RO 7000b.RO 7200c.RO6800d.RO 6700

Introduction: FIFO: FIFO stands for First in First Out. Which means first received inventory to be…

Answered: 38-DELL LLC had opening stock of 200…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

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38-DELL LLC had opening stock of 200 kgs value RO 2000. They purchased 300kgs @ RO 11 and later on they purchased 400kgs RO 12. 300kgs were sold. The Value of closing stock as per First In First Out method will bea.RO 7000b.RO 7200c.RO 6800d.BO 6700