A. 260 units at N1.50
B. 700 units at N1.50
C. 200 units at N1.50 and 500 units at N1.00
D. 350 units at N1.50 and 350 units at N1.00
Correct Answer:
Option A – 260 units at N1.50
Explanation
Given that a maximum of 260 units can be taken from the last receipt, the balance of 440 units (700-260) would be issued at N 1.00 which would be taken from the first materials received (100 units)
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