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Date Transaction 1-Apr Beginning Inventory 10-Apr Purchase 12-Apr Sale (at retail price) 20-Apr Purchase 25-Apr Purchase 28-Apr Sale (at retail price) Units 500 700 600

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Date Transaction 1-Apr Beginning Inventory 10-Apr Purchase 12-Apr Sale (at retail price) 20-Apr Purchase 25-Apr Purchase 28-Apr Sale (at retail price) Units 500 700 600 800 400 1000 Per Unit (OMR) Total (OMR) 2.00 1,000.00 2.50 1,750.00 5.00 3,000.00 3.00 2,400.00 3.50 1,400.00 7.00 7,000.00 Based on the above information you are required to answer the following questions. Total goods available for sales is OMR 6,650 The cost of goods sold is OMR 4,250 The cost of ending inventory is OMR 2,300 The gross profit is OMR 5,750

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