Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ancwered Date Received Marked out of 4.00 Flag question Issued Stock Balance Quantity RateAmountQu 777 Jan mountQuantity RateAmount 737 4,000 3 12,000 12,000 ? ?
ancwered Date Received Marked out of 4.00 Flag question Issued Stock Balance Quantity RateAmountQu 777 Jan mountQuantity RateAmount 737 4,000 3 12,000 12,000 ? ? Jan 12 2,000 ?? 7 ?? Jan Complete the table and answer the following questions: (Q1) what is the amount of stock balance on 8 January using weighted average cost method? OMR 12,000 OMR 48,000 OMR 24,000 None of these (Q2) what is the amount of stock balance on 9th January using weighted average cost method? (Q3) what is the amount of stock balance on 12 January using weighted average cost method? 1 Mark) OMR 12,000 OMR 48,000 OMR 6,000 OMR 36,000 OMR 12,000 OMR 30,000 OMR 48,000 OMR 36,000 (1 Mark) (1 Mark) (Q4) If a company sells a product for an average of OMR 10, and which cost OMR 6. The cost to retail percentage is 60%. The opening inventory is OMR 20,000, purchase during the month is OMR 22,000 and sales is OMR 50,000. what is the amount of ending inventory? K1 Mark) OMR 14,000 OMR 30,000 OMR 12,000 OMR 13,200
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started