1/5/07 Purchased 100 bags of milk at #10.00k each 3/5/07 Purchased 60 bags of milk
FINANCIAL
JAMB 2012
1/5/07 Purchased 100 bags of milk at #10.00k each 3/5/07 Purchased 60 bags of milk at #11.50k each 15/5/07 Issued 85 bags of milk 15/5/07 Purchased 180 bags of milk at #12.80K each 22/5/07 Issued 145 bags of milk. Using FIFO method, what would be the value of stock as at 9/5/07?
- A. #862.50
- B. #840.00
- C. #806.25
- D. #750.00
Correct Answer: D. #750.00
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