Movements in a raw material for the month of August are set out below: There were no inventories of "Supellectilem" held on August 1. 3 Good received Issued to production Date Kilos Price/Kilo Date Kilo 

August 12 4,000 5,000 KHR 

August 15 3,900 

August 19 1,200 6,000 KHR 

August 21 1,100 

August 24 2,800 7,500 KHR

What would be the inventory valuation on August 31 on a FIFO basis? (state your answer to the nearest KHR) 

A. 15,000,000 KHR B. 18,000,000 KHR 

C. 22,200,000 KHR D. 22,500,000 KHR

Answer rating: 100% (QA)

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