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Question 4 JM Ltd had the following material transactions during November. Opening balance Receipt Issues Receipt Issues 1 November 8 November 12 November 18 November

Question 4 JM Ltd had the following material transactions during November. Opening balance Receipt Issues Receipt Issues 1 November 8 November 12 November 18 November 26 November Number of units 20 140 80 100 140 Calculate the closing inventory value at the end of November using LIFO Show your workings in excei or word documents

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