Question text
Jumbo Pty Ltd commences stocking a new line of product. On 2 May, they purchased 500 units at $3.00 each and on 5 June, 300 units at $2.50 each. At 30 June there were 400 units remaining in stock. Using the FIFO method, the value of the remaining items is:
Select one:
a. $1,000
b. $750
c. $1,200
d. $1,050
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