Imagine I have 1000 quantity of stocks for INFOSYS purchased in this manner (CNC)
- 300 stocks on 1st Jan purchased at Rs 1400 per stock
300 stocks on 1 Feb purchased at Rs 1500 per stock
400 stocks on 1st March purchased at Rs 1600 per stock
Now if I sell 400 which one would be sold first?
Is it Last in First Out i.e., LIFO or First in First Out, i.e., FiFO?