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10. Consider the following transactions and demonstrate FIFO pricing methods of inventory. Transactions during July 2021:- Date Item 1st July opening stock 3rd July Receipt

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10. Consider the following transactions and demonstrate FIFO pricing methods of inventory. Transactions during July 2021:- Date Item 1st July opening stock 3rd July Receipt 4th July Issue Units 200 300 200 Unit cost (OMR) 3.00 3.20 What is the value of Issue on 4th July 2021 using FIFO method? (2 points) O OMR 160 OMR 760 OMR 600 O OMR 650 11. Alkabeer Company is using 1000 kg of a raw material in each quarter. It costs OMR 10 to hold 1 Yo for one year costs of ordering of raw materials is OMR 400. What is EO

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