The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on June 30 was 120 units.DateExplanationUnitUnit CostTotal Cost1/6Beginning inventory60OMR 510/6Purchase507on15/6Purchase5025/6Purchase70Using the Average Method of Inventory, the Cost of Ending inventory is:Select one:O a. OMR 503O b. OMR 803Oc OMR 603d. OMR 903Oe. OMR 700

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Description: The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on June 30 was 120 units.DateExplanationUnitUnit CostTotal Cost1/6Beginning inventory60OMR 510/6Purchase507on15/6Purchase5025/6Purchase70Using the Aver

Average Method:-It is the cost calculated by dividing the total cost by the total number of units.…

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The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on June 30 was 120 units. Date Explanation Unit Unit Cost Total Cost 1/6 Beginning inventory 60 OMR 5 10/6 Purchase 50 15/6 Purchase 50 25/6 Purchase 70 19 Using the Average Method of Inventory, the Cost of Ending inventory is: Select one: O a. OMR 503 O b. OMR 803 Oc. OMR 603 O d. OMR 903 Oe. OMR 700

The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on June 30 was 120 units. Date Explanation Unit Unit Cost Total Cost 1/6 Beginning inventory 60 OMR 5 10/6 Purchase 50 15/6 Purchase 50 25/6 Purchase 70 19 Using the Average Method of Inventory, the Cost of Ending inventory is: Select one: O a. OMR 503 O b. OMR 803 Oc. OMR 603 O d. OMR 903 Oe. OMR 700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: accounting
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