Al Istaqrar company has the following Particulars Unit Unit Cost (OMR) Inventory, Jan 1 8,000 11 Purchases, June 19 13,000 12 Purchases, Nov 8 5,000 13 If 9,000 units are on hand at December 31 Compute the cost of the ending inventory under LIFO Use periodic inventory system a OMR 100,000 b OMR 99,...

Calculate cost of ending inventory under FIFO at D ...

Al-Istaqrar company has the following; Particulars Unit Unit Cost (OMR) Inventory, Jan. 1 8,000 11 Purchases, June

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Al-Istaqrar company has the following;

Particulars	Unit	Unit Cost (OMR)
Inventory, Jan. 1	8,000	11
Purchases, June 19	13,000	12
Purchases, Nov. 8	5,000	13

If 9,000 units are on hand at December 31. Compute the cost of the ending inventory under LIFO. Use periodic inventory system.

a. OMR 100,000

b. OMR 99,000

c. OMR 113,000

d.OMR 108,000

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Financial and Managerial Accounting

ISBN: 978-1118334263

2nd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Jun 07, 2022 06:40 AM

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Al-Istaqrar company has the following; Particulars Unit Unit Cost (OMR) Inventory, Jan. 1 8,000 11 Purchases, June

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Financial and Managerial Accounting

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