Sales Rs.9,50,000
General administration cost Rs.25,000
Opening stock:1,00,000 litres @ Rs.3 per litre Rs.300000
Purchases (including frieght inward):-
June1 2,00,000 [email protected] per litres
June30 1,00,000 [email protected] per litres
June30 closing stock 1,30,000 litres

Q1)compute the vaule of inventory om June 30 using LIFO method of inventory costing.
a) Rs.3,93,000 (b)Rs3,69,000 (c)Rs.2,97,000 (d)Rs.4,18,000

Q2)compute the amount of cost of goods sold for June using LIFO principle
a)Rs7,80,000 (b)Rs.6,75,000 (c)Rs 8,15,000 (d)Rs.7,95,000

Solve it and tell me friends please don't tell direct answers...