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The company has the following inventory information July 1 Beginning Inventory 60 units at OMR 19 OMR 1,140 7 Purchases 210 units at OMR 20

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The company has the following inventory information July 1 Beginning Inventory 60 units at OMR 19 OMR 1,140 7 Purchases 210 units at OMR 20 4,200 22 Purchases 30 units at OMR 22 660 OMR6,000 A physical count of merchandise inventory on July 31 reveals that there are 100 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is Select one O a OMR 3,740 O b. OMR 3,940 O COMR 4000 Od OMR 4,860 Nasser Co has the following data related to an item of inventory Inventory, March 1 100 units @ OMR 4.20 Purchase March 7 350 units @ OMR 4.40 Purchase, March 16 70 units @ OMR 4,50 Inventory, March 31 130 units The value assigned to ending inventory if Nasser uses LIFO is Select one O a OMR 585 O b. OMR 579 Oc OMR 552 O d. OMR 546

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