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Ali company is maintaining inventory under FIFO method and follows Perpetual inventory system for recording the inventory.On 1st January, it had an opening inventory of

image text in transcribed Ali company is maintaining inventory under FIFO method and follows Perpetual inventory system for recording the inventory.On 1st January, it had an opening inventory of 225 units at OMR 1. On 5th January, 600 units at OMR 1.1 was purchased. It sold 400 units on 15th january. The closing inventory would beimage text in transcribed

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