Sami Company had the following balances and transactions during 2020. Beginning inventory 10 units at OR70 March Sold 8 units June Purchased 20 units at OR80 October 30 Sold 15 units What would the company's Inventory amount be on the December 31 , 2020 balance sheet, if the periodic average-costing method is used? (Answers are rounded to the nearest Rial.) Select one O a OR 490 Ob. OR 554 O c. OR537 Od OR 50

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Question 14
Sami Company had the following balances and transactions during 2020.
ot yet
pajƏMS
arked out of
Beginning inventory
10 units at OR70
D0
March
Sold 8 units
Flag
auns
October 30
Purchased 20 units at OR80
Sold 15 units
What would the company's Inventory amount be on the December 31, 2020 balance sheet, if the periodic average-costing method
IS used? (Answers are rounded to the nearest Rial.)
Select one
O a OR 490
Ob OR 554
Oc. OR537
Od.OR 50
Transcribed Image Text:Question 14 Sami Company had the following balances and transactions during 2020. ot yet pajƏMS arked out of Beginning inventory 10 units at OR70 D0 March Sold 8 units Flag auns October 30 Purchased 20 units at OR80 Sold 15 units What would the company's Inventory amount be on the December 31, 2020 balance sheet, if the periodic average-costing method IS used? (Answers are rounded to the nearest Rial.) Select one O a OR 490 Ob OR 554 Oc. OR537 Od.OR 50
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