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      Question

      Consider the following information:

      src="https://www.ixambee.com/questionimage/Chapter/1689310787-18.png" alt="" /> Which one of the following is the value of inventory on January 31 under perpetual inventory system using First-In-First-Out (FIFO) method?
      A ₹6,700 Correct Answer Incorrect Answer
      B ₹8,700 Correct Answer Incorrect Answer
      C ₹10,700 Correct Answer Incorrect Answer
      D ₹12,000 Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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