Question on: JAMB Accounting - 2014

2/3 Purchases 900 books at #1,000 each

4/3 Purchases 590 books at # 950 each

15/3 Sales 300 books at #900 each

Calculate the cost of goods available for sale using LIFO

A
#801,000
B
#1,100,500
C
#1,160,500
D
#1,175,500
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Correct Option: D

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