The purchases by Nizwa Stationary are given below. If the shop sold 120 pens, find the value of ending inventory using average method. Purchases No of pens purchased Cost/Unit January 16 40 4 February 21 55 March 12 40 8 a. 90 RO b. 810 RO C. 135 RO d. 720 RO

The purchases by Nizwa Stationary are given below. If the shop sold 120 pens, find the value of ending inventory using average method. Purchases No of pens purchased Cost/Unit January 16 40 4 February 21 55 March 12 40 8 a. 90 RO b. 810 RO C. 135 RO d. 720 RO

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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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

36-

The purchases by Nizwa Stationary are given below. If the shop sold 120 pens, find the value of ending
inventory using average method.
Purchases
No of pens purchased
Cost/Unit
January 16
40
4
February 21
55
6
March 12
40
8
a.
90 RO
b. 810 RO
C.
135 RO
d. 720 RO

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