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:In calculating the national income of a country X,…What is the cost of raw materials consumed?Calculate the closing stock under FIFO method?The LIFO method has an advantage over FIFO in that…Calculate the cost of raw materials consumed?