Question: Using the data given in the case, compute the value of the closing inventory of Pulkit Enterprises as on 30th June 2006 following the LIFO

Using the data given in the case, compute the value of the closing inventory of Pulkit Enterprises as on 30th June 2006 following the LIFO method. Towards this:
1. Prepare the statement of inventory account.
2. Prepare the statement of inventory valuation.

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