| The following data relate to material J for last month:£
 Opening stock               300 kg valued at                               3,300
 Purchases:
 4th                                 400 kg for                                          4,800
 18th                               500 kg for                                          6,500
 Issues:
 13th                               600 kg
 25th                               300 kg
 Using the LIFO valuation method, what was the value of the closing stock for last month?
 A   £3,300
 B   £3,500
 C   £3,700
 D   £3,900
 C
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