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The records of Rami co. show the following data in June 30, 2020, Date Explanation Unit Unit Cost Total Cost 1/6 Beginning inventory 60 OMR
The records of Rami co. show the following data in June 30, 2020,
Date | Explanation | Unit | Unit Cost | Total Cost |
1/6 | Beginning inventory | 60 | OMR 5 |
|
10/6 | Purchase | 50 | 7 |
|
15/6 | Purchase | 50 | 8 |
|
25/6 | Purchase | 70 | 9 |
|
During the month inventory Sold on June 30 was 120 units.
Using the FIFO Method, the Cost of ending Inventory equal:
Select one:
a. 930
b. 1050
c. 950
d. 1680
e. 1250
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