Polly Ltd uses a lime resistant element in its manufacture of kettles. During April 20x9 the following deliveries into stock and transfers to production of elements take place: Deliveries into stock 10 April 2009 600 elements 7.00 each 25 April 2009 Transfers to production 05 April 2009 16 April 2009 750 elements 7.60 each 300 elements 520 elements Stock at 1 April 20X9 was 400 elements valued at 6.00 per element. What is the value of closing stock, assuming the company adopts the FIFO valuation convention Select one: O a 7,068.00 O b. 6,975.00 O 6,960.00 Od. None of these