From the following stock records. value the stock held at the end of January using FIFO. LIFO. Replacement and Weighted average price methods .

The replacement price on 31 January is £2.60.

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Purchase Date price Receipts Issues Balance 1 Jan 2.00 4,000 5 Jan 500 3,500 10 Jan 2.50 1,000 4,500 15 Jan 600 3,900 28 Jan 800 3,100