XYZ Ltd. had 4,000 units of inventory in hand on 1st March 2016, costing ₹ 4 per unit. Purchases and issues of material during the month were as follows

Q. XYZ Ltd. had 4,000 units of inventory in hand on 1st March 2016, costing ₹ 4 per unit. Purchases and issues of material during the month were as follows:

The cost of inventory as of 31 st March 2016 under FIFO and weighted average cost method will be

A.            ₹ 27,000 and ₹ 24,498

B.            ₹ 27,000 and ₹ 23,625

C.            ₹ 22,000 and ₹ 23,625

D.            ₹ 22,000 and ₹ 24,498

Answer: ₹ 27,000 and ₹ 24,498