Academic Year 2020-2021, Semester - 2 BAAC2101, Cost Accounting - I Assignment Problems 1. The following are the information on materials handled by the store keeper of Al Hassan Engineering Company SAOG during the month of January, 2020. Date Jan. 1 5 12 20 25 Particulars Opening balance Purchases Purchases Purchases Purchases Issue Issue Issue Issue Issue Units and rate (OMR) 400 units @ OMR 4 100 units @ OMR 4.25 200 units @ OMR 4.10 400 units @ OMR 4.50 200 units @ OMR 4 200 units 300 units 100 units 200 units 300 units 4 10 15 26 30 You are required to prepare stores ledger adopting the following methods of inventory valuation: a. Simple average method b. Last In First Out method 2. The following are the information on wage systems followed by Al Hassan Engineering Company SAOG during the month of November, 2020. Particulars Bader Nasser Time allowed 40 hours 40 hours Time taken 34 hours 46 hours Rate per hour OMR 10 OMR 10 You are required to calculate wages of workers for the under: Halsey Plan Halsey - Weir Plan and Rowan Plan