2nd question on Inventory

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    mbathdu
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    An organisation’s inventory at 1 July is 15 units @ $3.00 each. The following movements occur:

    3 July 20X6 5 units sold at $3.30 each
    8 July 20X6 10 units bought at $3.50 each
    12 July 20X6 8 units sold at $4.00 each

    What would be the closing inventory at 31 July using FIFO method of inventory valuation?


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    admin
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    WRONG forum, please post your questions in relevant Exams Forums

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