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An organization's stock records show the following transactions for a specific item during last month:...

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An organization's stock records show the following transactions for a specific item during last month: Date Receipts units Issues units 2nd 200 @ RM8.50 5th 200 13th 500 @ RM7.90 17th 200 @ RM8.30 21st 400 25th 200 The stock at the beginning of last month consisted of 100 units valued at RM800. Three methods (weighted average, FIFO, and LIFO) were used by the company to value their stock. What is the issues units' value for these three method? A. Weighted average=RM6,500; FIFO=RM6,450; LIFO=RM6,530 B. Weighted average=RM6,499; FIFO =RM6,450; LIFO=RM6,520 C. Weighted average=RM6,499; FIFO=RM6,550; LIFO=RM6,520 7 D. Weighted average=RM6,500; FIFO=RM6,450; LIFO=RM6,520 1

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