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The following transactions relate to a raw material for a period: Day Transaction Units Total value () 1 Balance b/f 200 500 3 Issue 40

The following transactions relate to a raw material for a period:

Day Transaction Units Total value ()

1 Balance b/f 200 500

3 Issue 40

4 Receipt 50 135

6 Receipt 50 130

7 Issue 70

LIFO is used to price material issues.

What is the value of the stock issued on Day 7?

A 175.00

B 18400

C 18000

D 17900

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