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The following information is taken from the financial statement of Al Reem Manufacturing LLC for the month of March 2021, the company follows FIFO method
The following information is taken from the financial statement of Al Reem Manufacturing LLC for the month of March 2021, the company follows FIFO method for material issue pricing: 1st March 2021: Opening balance 50 units @ RO 4 Receipts: 5th March: 100 units @ RO 5 12th March: 200 units @ RO 4.50 24th March: 150 units @ RO 3 Issues: 2nd March: 30 units 18th March: 150 units 30th March: 100 units Use the above information and answer 32, 33 and 34 MCQs Identify the total number of units received during the month of March 2021 for Al Reem Manufacturing LLC. Question 32 Not yet answered Marked out of 1.00 a. 450 units O b. 280 units OC. 320 units Od 220 units Flag question Identify the total issues amount for the month of March 2021 for Al Reem Manufacturing LLC Question 33 Not yet answered Marked out of 1.00 O a. RO 1,850 b. RO 1,285 Flag question ORO 1,480 O d.RO 765 Identify the total number of units issued during the month of March 2021 for Al Reem Manufacturing LLC. Question 34 Not yet answered Marked out of 100 Flag question a. 280 units ob 220 units OC 320 units od 450 units
The following information is taken from the financial statement of Al Reem Manufacturing LLC for the month of March 2021, the company follows FIFO method for material issue pricing:
1st March 2021: Opening balance 50 units @ RO 4
Receipts:
5th March: 100 units @ RO 5
12th March: 200 units @ RO 4.50
24th March: 150 units @ RO 3
Issues:
2nd March: 30 units
18th March: 150 units
30th March: 100 units
Use the above information and answer 32, 33 and 34 MCQs
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