In a factory, during the month of October 2025, the following transactions have occurred in respect of purchase and issue of "Material A." Material…

CA Intermediate · Cost and Management Accounting · PYQS · January 2026
In a factory, during the month of October 2025, the following transactions have occurred in respect of purchase and issue of "Material A." Material A Stock on 01.10.2025, 100 units at 50 per unit Purchases: 05-10-2025, 2,500 units at 55 per unit 08-10-2025, 600 units at 56 per unit Issues: 15-10-2025, 1,500 units What is the value of material A consumed during the period, using LIFO method of pricing issues?
(A) ₹ 83,100
(B) ₹ 82,000
(C) ₹ 82,500
(D) ₹ 84,000

Suggested Answer and Working Notes:

Correct Answer: Option (A)

₹ 83,100

Topics: Material Cost

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