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Al Najar Company has net sales of OMR 150,000 and cost of goods available for sale of OMR 135,000. If the gross profit rate is

Al Najar Company has net sales of OMR 150,000 and cost of goods available for sale of OMR 135,000. If the gross profit rate is 30%, the estimated cost of ending inventory under the gross profit method is:

a.

OMR 45,000

b.

None of these

c.

OMR 15,000

d.

OMR 30,000

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