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The following data relate to material J for last month:
                                                                                                  £
Opening stock               300 kg valued at                               3,300
Purchases:
4th                                 400 kg for                                          4,800
18th                               500 kg for                                          6,500
Issues:
13th                               600 kg
25th                               300 kg
Using the LIFO valuation method, what was the value of the closing stock for last month?
A   £3,300
B   £3,500
C   £3,700
D   £3,900

C

c

TOP

c

TOP

d

TOP

a

TOP

C

TOP

c

TOP

B

TOP

have a look
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TOP

c

TOP

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