QUESTION FOUR The following information relates to item P0004 stocked by NIKE products Ltd for the month of April 2000: Receipts Units 2,400 Issues Units Unit cost (Sh) 180 Date April3 4 6 3.200 2,600 200 12 2,700 14 3,000 2,800 220 210 18 2,200 20 22 25 2,600 230 3,800 240 26 27 3,100 2,500 3,200 250 260 28 29 6,900 The closing balance for March 2000 was a batch of 3,000 units received at a unit price of Sh 190. Required: a) Stores perpetual inventory record for item P0004 for May 2000 under LIFO system of stores issues. b) Closing stock valuation