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A wholesaler uses the last-in first-out (LIFO) method of pricing inventory issues at each month end....

A wholesaler uses the last-in first-out (LIFO) method of pricing inventory issues at each month end. The following details, relating to Product Z, are provided for a month:

Opening balance 860 units at a total cost of £1,892

Purchases 750 units at a total cost of £1,800

Sales 933 units

What is the cost of sales of Product Z in the month?

A £2,067·20

B £2,114·36

C £2,139·52

D £2,202·60

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ekkarill92 answered 2 years ago
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