PROBLEMS FOR GROUP 10 1. Prepare the Inventory records.

DATE	PARTICULARS	PRICE PER UNIT
1.01.2021	Balance in inventory was 1,200 bags of rice	OMR 2.100 per bag
2.01.2021	Purchased 1,500 bags of rice	OMR 2.250 per bag
4.01.2021	Sold 1,680 bags of rice
6.01.2021	Purchased 660 bags of rice	OMR 2.150 per bag
8.01.2021	Purchased 300 bags of rice	OMR 2.050 per bag
10.01.2021	Sold 1,260 bags of rice
15.01.2021	Purchased 750 bags of rice	OMR 2.400 per bag
18.01.2021	Sold 1,200 bags of rice

Required: Prepare the inventory records using the Last-In-First-Out method