16.

Redmoon Traders provided the following inventory information for the month of March 2018. Units Cost Amount (RO) (RO) 400 10 4,000 March -1 Beginning inventory March 8- Purchases 250 20 5,000 March 18- Purchases 350 25 8,750 March 20 - Purchases 200 30 6,000 The business sold March 18 purchases on 26th March at a cost of RO 40 each by using Specific Identification method. Calculate the Closing inventory of the above business. a. RO 8,750 O b. RO 15,000 c. RO 6,000 d. RO 5,000