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The following transactions relate to a raw material for a period: Day Transactions Units Total value ($) 1 Opening balance 100 400 2 Issue 70

The following transactions relate to a raw material for a period: Day Transactions Units Total value ($) 1 Opening balance 100 400 2 Issue 70 4 Receipt 80 328 6 Receipt 40 168 7 Issue 100 Using the periodic weighted average method of pricing issues, what is the value of the issue on Day 7?

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