During January, the following changes in inventory took place:

Jan 1 Balance 100 units @ OMR 20

14 Purchased 150 units @ OMR 26

24 Purchased 350 units @ OMR 24

26 Purchased 300 units @ OMR 25

16 Sold 200 units @ OMR 38

29 Sold 400 units @ OMR 42

What is the Profit under the LIFO method if periodical inventory system is maintained?

Select one:

a. OMR 14300

b. OMR 10100

c. None of the options

d. OMR 9700

During October, the following changes in inventory took place:

Oct 1 Balance 150 units @ OMR 20

14 Purchased 200 units @ OMR 25

24 Purchased 300 units @ OMR 30

26 Purchased 150 units @ OMR 20

16 Sold 250 units @ OMR 38

29 Sold 175 units @ OMR 42

What is the Profit under the Weighted Average method if periodical inventory system is maintained?

Select one:

a. OMR 14250

b. OMR 9375

c. None of the options

d. OMR 6225