in OMAN PACKAGING in 2018

11. Inventory valuation is used to calculate the cost of goods sold and cost of ending inventory. The most widely used methods are FIFO, and average cost method. You are required to find out the inventory system applied and the method of inventory valuation used. (2 Mark) 12. How Trade Receivable provision (allowance) is estimated? (1 Mark) 13. How much is the Net Trade Receivable (Net Realizable value)? (1 Mark) 14. What type of Payable Accounts (current liability) your company has? (1 Mark) 11. Inventory valuation is used to calculate the cost of goods sold and cost of ending inventory. The most widely used methods are FIFO, and average cost method. You are required to find out the inventory system applied and the method of inventory valuation used. (2 Mark) 12. How Trade Receivable provision (allowance) is estimated? (1 Mark) 13. How much is the Net Trade Receivable (Net Realizable value)? (1 Mark) 14. What type of Payable Accounts (current liability) your company has? (1 Mark)