"Calculate the value of closing stock from the following according to FIFO method:1st January, 20XX: Opening balance: 50 units @ Rs 4Receipts:5th January, 20XX: 100 units @ Rs 512th January, 20XX: 200 units @ Rs 450Issues:2nd January, 20XX: 30 units18th January, 20XX: 150 units"

"Calculate the value of closing stock from the following according to

1.	"Calculate the value of closing stock from the following according to FIFO method:1st January, 20XX: Opening balance: 50 units @ Rs 4Receipts:5th January, 20XX: 100 units @ Rs 512th January, 20XX: 200 units @ Rs 450Issues:2nd January, 20XX: 30 units18th January, 20XX: 150 units"
A.	Rs. 765
B.	Rs. 805
C.	Rs. 786
D.	Rs. 700
Answer» B. Rs. 805