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2.B) The Muscat Drugs company provides the following data from the records of the company: 2019 sale (at an average price of OMR 30 a

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2.B) The Muscat Drugs company provides the following data from the records of the company: 2019 sale (at an average price of OMR 30 a unit) were OMR 4,500,000 2019 purchases (at an average cost of OMR 20 a unit) were OMR 2,400,000 The company uses the LIFO Inventory Method and has used it since 2005. During 2019, Muscat Drugs company experienced significant increase in the rate of gross profit on sales compared with the rate it has averaged in recent years. You are asked to determine the most likely reason for this improvement. Justify

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