EPFO · 2023 Commerce & Accountancy › Cost & Management AccountingConsider the following information : Date | Particulars | Units | Rate per unit (in Rs.) — Jan. 1 Inventory in hand 200, 7; Jan. 8 Purchases 1100, 8; Jan. 25 Purchases 300, 9; Jan. 6 Issued for sale 100; Jan. 9 Issued for sale 200. Which one of the following is the value of inventory on January 31 under perpetual inventory system using Last-In-First-Out (LIFO) method?
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