Using FIFO method; what would be the value of stock as at 9/5/07?

1/5/07 Purchased 100 bags of milk at #10.00k each
3/5/07 Purchased 60 bags of milk at #11.50k each
15/5/07 Issued 85 bags of milk
15/5/07 Purchased 180 bags of milk at #12.80K each
22/5/07 Issued 145 bags of milk.

A. #862.50
B. #840.00
C. #806.25
D. #750.00

Correct Answer:

Option D – #750.00