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no need for explanation Just option A ,B ,C or D I will rate you please as soon as possiable Muscat traders provided the following
no need for explanation
Just option A ,B ,C or D I will rate you
please as soon as possiable
Muscat traders provided the following inventory information for the month of January 2018, Units Cost (RO) Amount (RO) January 1- Beginning inventory 300 15 4,500 January 6- Purchases 200 18 3,600 January 12- Purchases 250 22 5,500 January 14 - Sales 450 30 13,500 Based on the above table find out the amount of Cost of goods sold for the sales made on January 18, if the business is evaluating the inventory by using Last In First Out (LIFO) method under the Perpetual inventory system, a. RO 8,200 b. RO 9.100 c. RO 13,500 d. RO 7,200 Streamline traders provided the following inventory information for the month of August 2017 Units Cost (RO) Amount (RO) August 1- Beginning inventory 350 30 10,500 August 5- Purchases 300 32 9,600 August 11- Purchases 250 36 9,000 August 8 - Sales 400 40 16,000 August 14 - Sales 200 45 9,000 Based on the above table find out the amount of Cost of goods sold for the sales made on August 2017, if the business is evaluating the inventory by using Last In First Out (LIFO) method under the Periodic inventory system. a. RO 11,250 b. RO 20,100 c RO 21,900 d. RO 16,000 SEL to Identify the inventory method, which provides the most precise matching of costs and revenues, and most theoretically sound method from the following? ea. Last In First Out (LIFO) b. Weighted Average c. Specific Identification O d. First In First Out (FIFO) Next pa A The business sold goods to Muscat mart on account of RO 48,900 on January 16 is recorded in which of the following special journal? a. General journal b. Purchases journal c. Cash disbursement journal d. Sales journal Next page LL The business provided with the payment terms of 2/10, n/30, and the term 10 stands for O a. Number of days in discount period b. Percentage of discount c. Payment at the end of month O d. Number of days for total amount is due Finish lite Step by Step Solution
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