At 30 September Fiford Ltd had a stock of 100 kg of fifolium, which had cost $5
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At 30 September Fiford Ltd had a stock of 100 kg of fifolium, which had cost $5 per kilogram. In October, it made the following purchases and sales of fifolium.
Required
Calculate the quantity and value of the stock of fifolium at 31 October using the FIFO method.
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