6 1. The following are the information on materials handled by the store keeper of Al Anwar Ceramic Company SAOG during the months of January to March, 2020. Date Particulars Units and rate (OMR) Jan. 1 Opening balance 700 units @ OMR 10 Purchases 200 units @ OMR 11 20 Purchases 500 units ia OMR 12 Purchases 400 units @ OMR 13 Feb. 13 Purchases 500 units @ OMR 14 Purchases 500 units @ OMR 15 March 17 Purchases 400 units @ OMR 16 Jan. 9 500 units 27 20 Issue 22 Issue 300 units 30 Issue Feb. 15 Issue 400 units 500 units 400 units 500 units 22 Issue March 11 Issue You are required to prepare stores ledger adopting the following methods of inventory valuation: a. Simple average method b. Weighted average method 2. The following are the information on wage systems followed by Al Anwar Ceramic Company SAOG. Standard time allowed 50 units per hour Time rate OMR & per hour Working hours per day 6 hours Ahmed: 245 units Units produced Abdullah: 365 units 80% of piece rate: for below standard Differential piece rate to be applied performance 120% of piece rate: for performance above standard Piece rate 0.200 Baixa Calculate wages of workers under: a. Taylor's differential piece rate b. Merrick's differential piece rate