Question: Please answer all the questions simple 34. Calculate the value of the closing stock from the following according to the FIFO method: 1st January 2021:

Please answer all the questions simple

34.

Calculate the value of the closing stock from the following according to the FIFO method:

1st January 2021: Opening balance: 50 units @ OMR. 4

Receipts:

5th January 2021: 100 units @ OMR 5

12th January 2021: 200 units @ OMR 4.500

Issues:

2nd January, 2021: 30 units

18th January 2021: 150 units

38.The annual requirement is 7800 units; consumption per week is 150 unitsunit price OMR 5, ordering cost OMR 10 per order. Carrying cost OMR 1 per unit and lead-time is 3 week. Compute the Economic order quantity.

41.The majestic company produced 5000 units. Variable manufacturing cost per unit is OMR 8. 000, fixed manufacturing overhead is OMR 2, 200, Variable selling and administration overhead per unit is OMR 1.500. The selling price per unit is OMR 13.500. Compute the total contribution for the company

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