Mathematics · Inventory Valuation
A company uses the First-In, First-Out (FIFO) method for inventory valuation. It records the following transactions during a month: - Opening inventory: 200 units @ $5 = $1,000 - Purchases: 300 units @ $6 = $1,800 - Sales: 400 units What is the total value of the closing inventory at the end of the month?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1$400
- 2$600✓
- 3$800
- 4$1,000
Correct answer
$600
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Inventory Valuation MCQs →Want more practice questions on Inventory Valuation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Inventory Valuation