The number of units held in stock is 500 units. The production cost per unit...
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Accounting
The number of units held in stock is 500 units. The production cost per unit is OMR 4.5. During, the year the company sold 60 % units for OMR 6 per unit. But, due to weak demand during pandemic the market value of the stock has gone done to OMR 3.6.
According to the accounting convention what price the stock will be recognized in the balance sheet in the end of the year:
a) 450
b) OMR 900
c) OMR 1,080
d) OMR 720
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