The purchases by Nizwa Book Store are given below. If the shop sells 70 books, find the value of ending inventory using average cost method. Purchases No of books purchased Cost/Unit January 1 30 3 March 3 50 2 April 7 20 4 a. 100 RO b. 189 RO c. 81 RO d. 90 RO
The purchases by Nizwa Book Store are given below. If the shop sells 70 books, find the value of ending inventory using average cost method. Purchases No of books purchased Cost/Unit January 1 30 3 March 3 50 2 April 7 20 4 a. 100 RO b. 189 RO c. 81 RO d. 90 RO
Chapter6: Merchandising Transactions
Section: Chapter Questions
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The purchases by Nizwa Book Store are given below. If the shop sells 70 books, find the value of ending inventory using average cost method.
|
Purchases |
No of books purchased |
Cost/Unit |
|
January 1 |
30 |
3 |
|
March 3 |
50 |
2 |
|
April 7 |
20 |
4 |
a.
100 RO
b.
189 RO
c.
81 RO
d.
90 RO
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