What is the value of stock as at the end of July 10 using FIFO?

Use the information above to answer the question

July 30 Closing stock 100 units at N90
July 8 Purchased 200 units at N95
July 10 Sold 160 units
July 17 Returned 80 faulty units purchased at N95
July 18 Purchased 200 units at N105
July 20 Sold 180 units
July 28 Purchased 200 units at N110
July 29 Sold 120 units
July 30 Sold 100 units

A. N14 400
B. N13 300
C. N15 200
D. N12 600

Correct Answer:

Option B – N13 300