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Inventory is valued using the first in first out method (FIFO). The opening inventory was 12 units costing 8 each. Purchases were 60 units at

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Inventory is valued using the first in first out method (FIFO). The opening inventory was 12 units costing 8 each. Purchases were 60 units at 10 each, then sales of 18 units were made, followed by sales of 23 units. It is asked to value the closing inventory (to the closest one) A 286 B 300 C 280 D 310

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