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please solve all Time left 0:29:48 Question 6 Not yet answered Marked out of 1 P Flag question ABC Company has the following information about

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Time left 0:29:48 Question 6 Not yet answered Marked out of 1 P Flag question ABC Company has the following information about its inventories as of December 31, 2020; Inventories held in the stock room, OMR 9,000; Inventories of ABC Company that are held out on consignment, OMR 5,000; Inventories of XYZ Company that are held on consignment by ABC Company, OMR6,000; Goods in Transit purchased by ABC from KM Company for OMR 6,000; FOB Destination. How much should be the total amount of inventories as of December 31, 2020? O a. None of these O b. 14,000 O c. 20,000 O d. 15,000 2:42 sct.edu.om III Time left 0:29:45 Question 7 Not yet answered Marked out of 1 Flag question XYZ Company reported in 2020 total purchases of OMR 35,000, freight in of OMR 500 and freight out of OMR 1,000, Purchases returns of OMR 500 and Purchase discounts of OMR 500. Beginning inventory is OMR 10,000 and the ending inventory is OMR 4,500. Gross Profit amounts to OMR 10,000. How much is the total sales? a. 49,000 b. 51,000 c. 50,000 O d. None of these Question 8 Not yet answered Marked ouron UU. None or mese Time left 0:29:43 Question 8 Not yet answered Marked out of 1 P Flag question ABC Company had inventory balance of 100 units on May 1 at a unit cost of OMR 2.50. ABC purchased 250 units on May 5 at 3 per unit and on May 6, 200 units at 4 per unit. ABC sold 300 units on May 8. How much is the cost of sales on May 8 using FIFO method? a. 850 ob. 1,100 O c. None of these d. 950 Question 9 Not yet answered Marked out of 1 Question 9 Not yet answered Marked out of 1 P Flag question ABC Company had inventory balance of 100 units on May 1 at a unit cost of OMR 2.50. ABC purchased 250 units on May 5 at 3 per unit and on May 6, 200 units at 4 per unit. ABC sold 300 units on May 8. How much is the inventory balance in units and in OMR after the sales on May 8 using FIFO method? O a. None of these ob. 250 units at OMR 950 O c. 300 units at OMR 850 O d. 250 units at OMR 750 Question 10 Question 10 Not yet answered Marked out of 1 P Flag question ABC Company had inventory balance of 700 units on May 1 at a unit cost of OMR 5. ABC purchased 200 units on May 5 at 4.5 per unit and on May 6, 100 units at 4 per unit. ABC sold 400 units on May 8. How much is the inventory balance in OMR after the sales using Moving Average method? O a. 2,800 O b. 2,380 O c. 2,880 O d. None of these Previous page

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