Pink Rock Company purchased 10,000 kilograms of salt and has 2,000 kilograms in its ending inventory at

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Pink Rock Company purchased 10,000 kilograms of salt and has 2,000 kilograms in its ending inventory at the cost of OMR 51 per kilogram each and current replacement cost of OMR 71 per kilogram. The ending inventory under lower of cost or market is:

a. OMR 102,000

b. OMR 510,000

c. OMR 142,000

d. OMR 710,000

Related Book For answer-question

Managerial Accounting

ISBN: 978-0176223311

1st Canadian Edition

Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp

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Posted Date: Jun 06, 2022 05:50 AM

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Pink Rock Company purchased 10,000 kilograms of salt and has 2,000 kilograms in its ending inventory at

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Managerial Accounting

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