Question: Explain with Answer 19) Inventory is valued using FIFO. Opening inventory was 10 units at $2 each. Purchases were 30 units at $3 each, and

Explain with Answer

19) Inventory is valued using FIFO. Opening inventory was 10 units at $2 each. Purchases were 30 units at $3 each, and then issues of 12 units were made, followed by issues of 8 units. Closing inventory is valued at $ Ans EXP O

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