Question: SCM323 - Class work 2 Read and understand the following inventory record and answer the Questions below. Abdullah records the following monthly purchases and sales

 SCM323 - Class work 2 Read and understand the following inventory

SCM323 - Class work 2 Read and understand the following inventory record and answer the Questions below. Abdullah records the following monthly purchases and sales of an item. Month Number sold Cost of each unit () Number bought November December January February March April 110 60 70 50 80 40 22 26 30 28 24 32 71 49 53 37 71 Assuming he has no opening stock (Before November). 1. What is the remaining stock at the end of the period (April)? 2. What is the cost (cost of purchase) of the total inventory (Currency in Saudi Riyals))? 3. If each unit is sold for 35SR, What is the income for Abdullah's company till end of April

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