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During July, the following activities took place in the inventory: Date 1 July Activity Balance 100 units @ OMR 20 Purchased 150 units @ OMR

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During July, the following activities took place in the inventory: Date 1 July Activity Balance 100 units @ OMR 20 Purchased 150 units @ OMR 26 14 16 24 Sold 200 units @ OMR 38 Purchased 350 units @ OMR 24 26 Purchased 300 units @ OMR 25 29 Sold 400 units @ OMR 42 What is the cost of goods sold in OMR under the LIFO method if periodical inventory system is maintained? Select one: O A. 14300 B. None of the options O C. 14700 O D. 18700

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