s at OMR 1,000 p issue were reco eived:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The stock of material held on 1-4-2019 was 4000
units at OMR 1,000 per unit. The following receipt
and issue were recorded:
Received:
2-4-2019 Purchased 1,000 units at OMR 600 per
unit
Issued:
6-4-2019 Isued 4000 units
From the following alternatives you are required to
choose the value of closing inventory if the issue is
made through the FIFO method.
Transcribed Image Text:The stock of material held on 1-4-2019 was 4000 units at OMR 1,000 per unit. The following receipt and issue were recorded: Received: 2-4-2019 Purchased 1,000 units at OMR 600 per unit Issued: 6-4-2019 Isued 4000 units From the following alternatives you are required to choose the value of closing inventory if the issue is made through the FIFO method.
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