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Oman Polymers provide the following data relating to its material to you. Calculate the value of closing stock if the company adopts LIFO method of
Oman Polymers provide the following data relating to its material to you. Calculate the value of closing stock if the company adopts LIFO method of pricing its material issue to production. February 1: Opening balance of 100 units @ OMR 2.500 February 12: Received material 50 units @ OMR 3.100 February 15: Issue material 80 units February 20: Issue 10 units February 25: Received Material 120 Units @ OMR 2.900 O a. None of the given option b. OMR 180 c. OMR 498 d. OMR 120
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