Calculate the closing inventory in trade

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Reference no: EM131385874

From the following figures calculate the closing inventory-in-trade that would be shown using (i) FIFO, (ii) LIFO, (iii) AVCO methods.

Bought		Sold
March	400 at £30 each	December	420 at £40 each
September	300 at £32 each

Reference no: EM131385874

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