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Question 1 Not yet If total cost is OMR 20,000, Total market value is OMR 21,200 and LCM on item by item basis is OMR

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Question 1 Not yet If total cost is OMR 20,000, Total market value is OMR 21,200 and LCM on item by item basis is OMR 19,000 then adjustment to inventory is 0 answered Marked out of 0.50 Flag question None of these OMR 1.200 OMR 1,000 OMR 2,200 Question 4 Not yet answered Marked out of 0.50 P Flag question Inventory count of a company X is 12,000 units. This inventory includes goods held on consignment of company Y costing OMR 4,000. Company x did not include the cost of OMR 700 for the goods sold which are still in transit (FOB shipping point). Calculate the cost of inventory: OMR 16,000 OMR 16,700 OMR 8,000 OMR 7,300 5 Question 6 Not yet answered Marked out of 0.50 Flag question If Gross profit percentage is 40%. opening inventory is OMR 50,000, Purchases are OMR 70,000 and sales is OMR 100,000 then ending under gross profit method is: OMR 240,000 None of these OMR 80,000 OMR 60,000 Question 9 Not yet answered Marked out of 0.50 P Flag question If inventory counted is OMR 1,000, it includes goods held on consignment OMR 250 and goods purchased and in transit (FOB shipping point) OMR 500 are not included in the total inventory count yet. What will be the cost of inventory? OMR 1,250 OMR 250 OMR 1,750 OMR 1,500 Question 10

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