1 Not yet answered Marked out of 1.00 Flag question Inventory count of a company Alpha is 12,000 units. This inventory includes goods held on consignment of company Beta costing OMR 4,000. Company Alpha did not include the cost of OMR 700 for the goods sold which are still in transit (FOB shipping point). Calculate the cost of inventory: (1 Mark) Question 2 Answer saved Marked out of 1.00 Flag question OMR 16,000 OMR 16,700 OMR 7,300 OMR 8,000 A cheque issued by the company for OMR 750 is incorrectly recorded by a company as OMR 650. On the bank reconciliation, the OMR 100 error should be: No M P Deducted to the balance as per company books Added to the balance as per bank books Added to the balance as per company books Deducted from the balance as per bank books (1 Mark)