FAST PLZ

1-

A RO40,000, interest-bearing note payable is signed on December 26, 2020. If the note is a 120-day note, what is the maturity date for this short-term liability?

a.

March 25

b.

April 26

c.

March 26

d.

April 25

2-

GILT LLC had opening stock of 300 kgs value RO 2400. They purchased 200kgs @ RO 9 and later on they purchased 500kgs RO 11. 400kgs were sold. The Value of Cost of Goods sold as per First In First Out method will be:

a.

RO 5300

b.

RO 3300

c.

RO 6500

d.

RO 7250