M Company, records its inventory under first-in-first -out method, so as to minimize accumulation of outdated stock. the opening stock as on September 01,2013 is 150 units at the rate of Rs 20 per units. The purchases: and sales made during the month are: purchase , date= 04-09-2013 200unit Cost price per unit Rs25, 17-09-2013 units 100 cost price per unit Rs25. Sales date 03-09-2013 no of units 100, 10-09-2013 150, With effect from September 01,2013,the company decided to change the method of inventory valuation from the FIFO method to LIFO method. The change in the value of inventory as on September 30,2013 consequent upon the change in the method of valuation is
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