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Calculate the value of the closing stock from the following according to the FIFO method: 1st January 2021: Opening balance: 50 units @ OMR. 4

Calculate the value of the closing stock from the following according to the FIFO method:

1st January 2021: Opening balance: 50 units @ OMR. 4

Receipts:

5th January 2021: 100 units @ OMR 5

12th January 2021: 200 units @ OMR 4.500

Issues:

2nd January, 2021: 30 units

18th January 2021: 150 units

OMR 700

OMR 765

OMR 786

OMR 805

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