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The following information relates to item P0004 stocked by NIKE products Ltd for the month of April 2000:
Unit cost (Sh)
The closing balance for March 2000 was a batch of 3,000 units received at a unit price of Sh 190.
a) Stores perpetual inventory record for item P0004 for May 2000 under LIFO system of stores issues.
b) Closing stock valuation
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