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Daily Delight has the following inventory data for the month of January: January 1; Inventory 30 units @ OMR6.00 each January 8; Purchase 120 units
Daily Delight has the following inventory data for the month of January: January 1; Inventory 30 units @ OMR6.00 each January 8; Purchase 120 units @ OMR6.45 each January 9; Issued 75 units January 17; Purchase 60 units @ OMR6.30 each January 21; Issued 75 units January 25; Purchase 90 units @ OMR6.60 each. Calculate the unit and value of closing stock if daily delight is following FIFO method for pricing material issue. a. 60 units with OMR 378 b. None of the given options are correct. c. 150 units with OMR 972 d. 90 units with OMR 594 Clear my choice
Daily Delight has the following inventory data for the month of January:
January 1; Inventory 30 units @ OMR6.00 each
January 8; Purchase 120 units @ OMR6.45 each
January 9; Issued 75 units
January 17; Purchase 60 units @ OMR6.30 each
January 21; Issued 75 units
January 25; Purchase 90 units @ OMR6.60 each.
Calculate the unit and value of closing stock if daily delight is following FIFO method for pricing material issue.
a.
60 units with OMR 378
b.
None of the given options are correct.
c.
150 units with OMR 972
d.
90 units with OMR 594
Clear my choice
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