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Al Faisal company is maintaining inventory under LIFO method and follows Perpetual inventory system for recording the inventory.On 1st January, it had an opening inventory
Al Faisal company is maintaining inventory under LIFO method and follows Perpetual inventory system for recording the inventory.On 1st January, it had an opening inventory of 900 units at OMR 1. On 5th January, 2400 units at OMR 1.1 was purchased. It sold 1600 units on 15th january. The closing inventory would be
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