Question

A retailer begins the month with 200 units valued at ₹50 per unit. During the month, they purchase 300 units at ₹55 and later 500 units at ₹60. By month-end, they have sold 700 units. Calculate the ending inventory value by weighted average method and FIFO method.

A WA = ₹16,500; FIFO = ₹18,500
B WA = ₹17,000; FIFO = ₹17,500
C WA = ₹16,950; FIFO = ₹18,000
D WA = ₹16,950; FIFO = ₹16,500
E WA = ₹18,000; FIFO = ₹16,950
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