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
kankan
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