Question 23 Not yet answered Marked out of 1.00 p Flag question Ordinary repairs and maintenance OMR 200 paid for cash was capitalized and debited to Equipment. The correcting entry is 200 Repairs Expense Equipment 200 200 200 Equipment Repairs Expense Equipment Cash 200 200 200 Repairs Expense Cash 200 Question 27 Marked out of 1.00 Not yet answered p Flag question ABC Trading Company had the following transactions for the month of May. The company uses PERIODIC INVENTORY SYSTEM. Date Transaction Units Cost per Unit (OMR) Total (OMR) 1-May Beginning Inventory 10 60.00 3-May Purchase 15 97.50 15-May Purchase 25 7.00 175.00 TOTAL 6.00 6.50 50 332.50 The company sold 35 units Required: Compute the cost of ending inventory using AVERAGE METHOD periodic OMR 105.00 OMR 92.50 OMR 99.75 OMR 227.50