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4.12 Basic. The following data relate to material for last month: Opening stock 300kg valued at 3300 Purchases: 4th 400kg for 4800 18th 500kg for

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4.12 Basic. The following data relate to material for last month: Opening stock 300kg valued at 3300 Purchases: 4th 400kg for 4800 18th 500kg for 6500 Issues: 13th 600kg 25th 300kg Using the LIFO valuation method, what was the value of the closing stock for last month? (a) 3300 (b) 3500 (c) 3700 (d) 3900 ACCA Financial Information for Management

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