A business values its inventories using a First In First Out (FIFO) approach. Inventories movements and prices of product D over the current year are shown here: i (click here to view financial information) What is the value of the closing inventories? A. 365 units @ 10; and 461 units @ 8 B. 267 units @ 5; and 559 units @ 8 C. 826 units @ 10 D. 826 units @ 5 Product D Inventories bought Inventories used Date Units Cost per unit Total cost Date Units 1 Jan 267 5 1,335 1 Mar 565 8 4,520 1 Nov 365 10 3,650 1 Dec 371 Inventories remaining at 31 December: 826