(Multiple choice.....choose the correct answer ....without explanation)

Assume that the following transactions occurred in the month of May for Diamond Glass LLC. May 1 Opening inventory 300 units @ OMR 3.000, May 7 Purchase 100 units @ OMR 3.200 and May 18 Sale 150 units. Calculate the balance of inventory value in OMR at the end of May by following FIFO method.

Select one:

A.

None of the given options

B.

OMR 770

C.

OMR 740

D.

OMR 1120

(Multiple choice.....choose the correct answer ....without explanation)

The following transactions occurred in the month of July for Snow white LLC. July 1st Opening inventory 600 units @ OMR 3.000, July 7th purchased 300 units @ OMR 3 and July 18th Sold 200 units. Find out the balance inventory units at the end of July by following average method.

Select one:

A.

1100 Units

B.

None of the given options

C.

900 Units

D.

700 Units