Date	Particulars
1 January	Opening Balance 500 units @ OMR 2
3 January	Received 200 units @ 2.25
5 January	Issued 200 units
6 January	Issued 300 units
8 January	Received 100 units @ OMR 2.5
10 January	Issued 250 units

From the above information you are required to prepare the FIFO table and calculate the following values:

What is the value in Omani Rials of closing stock on 1 January? OMR 625OMR 1,000OMR 500OMR 400

At what price per unit the stock was issued on 5 January? OMR 2.50OMR 1.50OMR 2.25OMR 2

What is the closing balance of unit on 10 January? 200 units100 units250 units50 units

What is the closing value of stock in Omani Rials on 3 January? OMR 1,650None of the aboveOMR 1,000OMR 1,450

What is the value in Omani Rials of the units purchased on 8 January? OMR 200OMR 250OMR 225None of the above