The following is the inventory details of Muscat gases during the month of January 2021. Date Particulars 1 Opening balance 800 units @ OMR 1.500 8. Issued 500 units 9. Purchased 700 units @ OMR 1.300 12 Purchased 200 units @ OMR 1.400 15 Issued 500 units 17 Issued 400 units 26 Purchased 100 units @ OMR 2.000 You are required to prepare the stores ledger under the LIFO method and select the correct answer for the following: The total stock value on 9th January is OMR; th The total stock value on 12 January is OMR; th The issue price per unit 15 January is OMR; th The issue price per unit 17 January is OMR; th The total stock value on 26 January is OMR;

The following is the inventory details of Muscat gases during the month of January 2021. Date Particulars 1 Opening balance 800 units @ OMR 1.500 8. Issued 500 units 9. Purchased 700 units @ OMR 1.300 12 Purchased 200 units @ OMR 1.400 15 Issued 500 units 17 Issued 400 units 26 Purchased 100 units @ OMR 2.000 You are required to prepare the stores ledger under the LIFO method and select the correct answer for the following: The total stock value on 9th January is OMR; th The total stock value on 12 January is OMR; th The issue price per unit 15 January is OMR; th The issue price per unit 17 January is OMR; th The total stock value on 26 January is OMR;

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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St. ( My The Mic O Mai Mcl O Bus 6 Bad APA Mic Uil • Ben A0 + Do O MA O Wh Ans A mycourses.sgu.edu/access/content/attachment/172d3b94-c459-4b3b-b9da-2cc57a93c3cb/Assignments/d50e87b8-155e-4aa6-845d-9f9986bcaa31/Chp%20... A I Apps A APA citation genera. Grenada SDA Com.. E The Premier Choice. M Gmail YouTube Free, Powerful Engli. O E Planting Calendar. A Maps in Interpretive Simulat. 6 iffer 7-31 Sales Budget A Sendai clothing wholesaler was preparing its sales budget for the first quarter of 20X8. Forecast sales are as follows (All values are in thousands of yen). January ¥203,000 February ¥227,000 March ¥248,000 Sales are 40% cash and 60% on credit. Fifty-five percent of the credit accounts are collected in the month of sale, 35% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of 20X8 are ¥82,950 (10% of November credit sales of ¥150,000 and 45% of December credit sales of ¥151,000).…