intermediate Accounting

Question 24 Not you Grad Morked out of ABC Company had inventory balance of 800 units on May I at a unit cost of OMR 7. ABC purchased 500 units on May 5 of 8 por unit and 300 at 8.50 per unit on May 9. ABC sold 300 units on May 7. How much is the cost of soles on May 7 using Moving Average method? ca 2100 06 2,214 C. None of these Od 1478 question Qui 25 Not yet entwood Morted to DFV Company, a manufacturing company based in Scher acquired a loan from Bank Muscat, the loan proceeds amounted to OMR 25,000 received by DFV on June 5 2020 on June 20, 2020. DFV received additional capital contributions from now shareholders for OMR 20,000. Cash balance at the end of June amounted to OMR 100,000 How much is the cash balance at the beginning of June 2020? Da None of these Ob 75,000 OMR e 145,000 OMR Od 55,000 OMR Fas question Question 26 Not yet and Mouto XYZ Company reported Accounts Receivable balance of OMR 12,000 and Allowance for Doubtful Account balance of OMR 1200 on December 312020 before adjustment XYZ estimated that 15% of its Accounts receivable will not be collectible. How much is the bad debt expense to be recorded on December 31, 2020? F question O OMR 600 b. OMR 3,000 Oc. None of these Od OMR 1800 Q 27 NO XYZ Company in 2020 reported Inventory ending of OMR 20,000. Net purchases amounted to OMR 45.000. Gross Profit amounted to OMR 20.000. Gross Protitrate is 40% How much is the beginning inventory? Morted out of Flog quo 55.000 None of these c. 3,000 Od 1.000