The following details supplied to Cas Ltd in respect of its raw material for the month of December 2007 , Date :-01-12-2007 , Particulars :Receipts (units ) :- 2,000 opening, Rate :- Rs.10 ,Issues units) ;- 0 : Date :-07-12-2007 , Particulars :Receipts (units ) :- 1,000, Rate :- Rs.12 ,Issues :- nil ; Date :-10-12-2007 , Particulars :Receipts (units ) :- 0, Rate :- Rs.0 ,Issues (units ) ;-2,500 ; Date :-15-12-2007 , Particulars :Receipts (units ) :- 2,000, Rate :- Rs.13 ,Issues :- nil ; Date :-31-12-2007 , Particulars :Receipts (units ) :- 0, Rate :- Rs.0,Issues :- 2,200 ; ,On 31.12.2007 , a shortage of 100 units was found. using the data given in the problem , the value of issue in the month of December 2007 using LIFO method principle
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