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A manufacturer recorded the following transactions in his materials department for the month of June of a particular year. Please find the value of closing
A manufacturer recorded the following transactions in his materials department for the month of June of a particular year. Please find the value of closing stock and the value of each isshe by using FIFO method of valuation 03-Jun purchased 100 units @ \$10 per unit Jun-05 purchased 150 units @ $11 units 08-Jun issued 150 units 13-Jun purchased 150 units @ \$10 per unit 15-Jun purchased 150 units @ \$11 per unit 16-Jun issued 170 units 18-Jun purchased 140 units @ \$11 per unit 25-Jun Issued 200 units 30-Jun purchased 125 units @ \$12 per unit
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