Raw material purchased:<br>1<sup>st</sup> January, 600 units @ Rs. 12 per unit<br>12<sup>th</sup> January, 500 units @ Rs. 14 per unit<br>21<sup>st</sup> January, 300 units @ Rs. 13 per unit<br>Raw material issued for manufacture:<br>3<sup>rd</sup> January 300 units<br>5<sup>th</sup> January 124 units<br>15<sup>th</sup> January 250 units<br>16<sup>th</sup> January 300 units<br>Raw material returned to stores from manufacturing department on 14<sup>th</sup> January, 50 units. The material is issued on First-in-First out method.<br>The value of material remaining in store on 21<sup>st</sup> January will be:

Correct Answer: 6,350