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Jwaher Company completed its inventory count. It arrived at a total inventory value of SR300,000, if Jwaher included in the count purchased goods of 20,000,

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Jwaher Company completed its inventory count. It arrived at a total inventory value of SR300,000, if Jwaher included in the count purchased goods of 20,000, which were in transit (terms: FOB shipping point), then the reported cost of inventory is A) SR 340,000 B SR 300,000 C) SR 260,000 D) None of the other answers The beginning inventory 3000 units at SR4 cost per unit, the purchases during the period was 4000 units at SR5 cost per unit, the ending inventory was 2000 units, then the cost of goods sold using the average cost method A) SR 10,500 B) SR 31,500 C) SR 42,000 D None of the other answers

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