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KA K Analysis of the books of account of OPC Ltd reveals the following for the year ended 31.12.2019 Sales OMR 1,100,000 Cost of Goods

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KA K Analysis of the books of account of OPC Ltd reveals the following for the year ended 31.12.2019 Sales OMR 1,100,000 Cost of Goods Sold OMR 600,000 Other expenses OMR 140,000 Depreciation OMR 60,000 Other relevant information obtained from the books are: a) Fixed assets were purchased on 1/4/2018 at a prevailing general price index of 130 b) Goods were purchased in three lots of OMR 200.000 OMR 300,000 and OMR 150,000 with a corresponding price index of 130, 140 and 150. c) There was no opening inventory d) Closing inventory valued at OMR 50,000 on FIFO basis e) Sales were made a price index of 145. Expenses were incurred at price index of 143 f) Price index measured on 31st December, 2019 was 150. Prepare a price level adjusted income statement of OPC Ltd course 'international Accounting(1) Analysis of the books of account of OPC Ltd reveals the following for the year ended 31.12.2019 Sales OMR 1,100,000 Cost of Goods Sold OMR 600,000 Other expenses OMR 140,000 Depreciation OMR 60,000 Other relevant information obtained from the books are: a) Fixed assets were purchased on 1/4/2018 at a prevailing general price index of 130 b) Goods were purchased in three lots of OMR 200,000. OMR 300,000 and OMR 150,000 with a corresponding price index of 130, 140 and 150 C) There was no opening inventory d) Closing inventory valued at OMR 50 000 on FIFO basis e) Sales were made a price index of 145. Expenses were incurred at price index of 143 f) Price index measured on 31st December 2019 was 150 Prepare a price level adjusted income statement of Ope Lia

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