Based on the FIFO method of valuation the total cost of the raw materials issued is? by Sunday | Dec 7 | Accounting JAMB | 0 comments A. N150 B. N160 C. N240 D. N250 Correct Answer: Option C – N240 Users Also Read These:An advantage of FIFO method of stock valuation is that?Calculate the closing stock under FIFO method?Using FIFO method; what would be the value of stock…What is the cost of raw materials consumed?Cost of raw materials consumed is?