Muscat Company has the following inventory information. Units Per unit price Total July 1 Beginning Inventory 20 units at OMR 19 7. Purchases 70 units at OMR 20 22 Purchases 10 units at OMR 22 The physical inventory count on July 31 shows 30 units on hand. Using the average-cost method, what is the value of ending inventory? Select one: Oa. OMR 580. O b. None of the answers are correct Oc. OMR 1,400. O d. OMR 600. O e. OMR 620.

Muscat Company has the following inventory information. Units Per unit price Total July 1 Beginning Inventory 20 units at OMR 19 7. Purchases 70 units at OMR 20 22 Purchases 10 units at OMR 22 The physical inventory count on July 31 shows 30 units on hand. Using the average-cost method, what is the value of ending inventory? Select one: Oa. OMR 580. O b. None of the answers are correct Oc. OMR 1,400. O d. OMR 600. O e. OMR 620.

Name: Raya Khamis AlsadiMuscat Company has the following inventory informat
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Description: Raya Khamis AlsadiMuscat Company has the following inventory information.UnitsPer unit priceTotalJuly 1Beginning Inventory20 unitsat OMR 197.Purchases70 unitsat OMR 2022Purchases10 unitsat OMR 22The physical inventory count on July 31 shows 30 units

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 9PA: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...

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