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An organisation ' s inventory at 1 July is 1 5 units at 3 . 0 0 each.The following movements occur , 3 July 2

An organisation 's inventory at 1 July is 15 units at 3.00 each.The following movements occur ,3 July 20045 units sold $3.30 each,8 July 200410 units bought $3.50 each ,12 July 20048 units sold $4.00 each what is the closing inventory 31 July using FIFO method of inventory valuation?

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