Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. from the following situation find the amount of cl

From the following situation find the amount of closing inventory. The inventory on 31st December...

80.2K

Verified Solution

Question

Accounting

From the following situation find the amount of closing inventory. The inventory on 31st December 2020 is OMR 130,325. This includes OMR 1325 for items accidentally destroyed on 12th January 2020 and OMR 900 which relates to the cost of damaged inventory which can be altered at a cost of OMR 250 and which can then be sold for OMR 790.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

You have $30,000 to invest in a stock portfolio. Your choices are Stock X with an...

Medical Sciences
1.2K views

Describe the effects of FSH, LH, estrogen & progesterone on the initiation & maintenance of a...

Electrical Engineering
1.2K views

What is the difference between a receptacle and plug-in building electrical systems? What is a busway and...

Basic Math
1.2K views

Assume that the distribution of starting salaries for newly qualified CA’s is approximately Normal and has...

Physics
1.2K views

the wires as shown The a distance x to the right 1 2 Six infinite...

Algebra
1.2K views

Given the matrices below and that A LU complete L 1 U 1 and A...

Accounting
1.2K views

Exercise 5-10 (Algo) Multiproduct Break-Even Analysis (LO5-9] Lucido Products markets two computer games: Claimjumper and...

Accounting
1.2K views

A company reports the following: a. Determine the rate earned on stockholders' equity. b. Determine...

Accounting
1.2K views

Solve the problem in the picture

Accounting
1.2K views

Please fill in numbers 1-5

Accounting
1.2K views

Do you think that mandatory standards should be developed for the design of graphs of...

Accounting
1.2K views

A product sells for $255 per unit, and its variable costs per unit are $185....