10. A business has inventory of material A of 400 units valued at $2.20 per unit at 1 September. During the month of September the movements of material A were as follows: 5 September Issue 250 units 10 September Receipt 500 units @ $2.50 per unit 340 units 15 September Issue 18 September Receipt 400 units @ $2.70 per unit 27 September Issue 600 units What is the value of the closing inventory using the FIFO method? A $242 B $251 C D $297 What is the value of issues using the LIFO method? A $2,913 B $2,924 C D $286 $2,980 $2,968