The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on June 30 was 120 units. Date Explanation Unit Unit Cost Total Cost 1/6 Beginning inventory 60 OMR 5 10/6 Purchase 50 15/6 Purchase 50 25/6 Purchase 70 19 Using the Average Method of Inventory, the Cost of Ending inventory is: Select one: O a. OMR 503 O b. OMR 803 Oc. OMR 603 O d. OMR 903 Oe. OMR 700
The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on June 30 was 120 units. Date Explanation Unit Unit Cost Total Cost 1/6 Beginning inventory 60 OMR 5 10/6 Purchase 50 15/6 Purchase 50 25/6 Purchase 70 19 Using the Average Method of Inventory, the Cost of Ending inventory is: Select one: O a. OMR 503 O b. OMR 803 Oc. OMR 603 O d. OMR 903 Oe. OMR 700
Chapter10: Inventory
Section: Chapter Questions
Problem 2PB: DeForest Company had the following transactions for the month. Calculate the ending inventory dollar...
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![The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on June 30 was 120 units.
Date
Explanation
Unit
Unit Cost
Total Cost
1/6
Beginning inventory
60
OMR 5
10/6
Purchase
50
7
on
15/6
Purchase
50
25/6
Purchase
70
Using the Average Method of Inventory, the Cost of Ending inventory is:
Select one:
O a. OMR 503
O b. OMR 803
Oc OMR 603
d. OMR 903
Oe. OMR 700](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdf87c36d-8de9-4b24-8534-48eb4bf8ebc4%2F02c35ca5-6c95-4719-b658-57a6469faa14%2Fg7dfmqf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The records of Rami co. show the following data on June 30, 2020, During the month inventory Sold on June 30 was 120 units.
Date
Explanation
Unit
Unit Cost
Total Cost
1/6
Beginning inventory
60
OMR 5
10/6
Purchase
50
7
on
15/6
Purchase
50
25/6
Purchase
70
Using the Average Method of Inventory, the Cost of Ending inventory is:
Select one:
O a. OMR 503
O b. OMR 803
Oc OMR 603
d. OMR 903
Oe. OMR 700
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