Calculate the Cost of Goods Sold, value of Closing Stock and Profit under LIFO method of stock valuation from the following information:

Jan 1

(Stock)

(200 units @ Rs 6 each)

Jan 16

(Bought)

(240 units @ Rs 8 each)

Feb 3

(Bought)

(220 units @ Rs 10 each)

Feb 21

(Bought)

(280 units @ Rs 12 each)

During Mar, 800 units were sold at Rs 16 each