2. Using the following information under FIFO method, determine the cost of materials used and the cost of ending inventory for the month of July 2021. July 1,2021 Balance on hand, 1000 yards of linen...

2. Using the following information under FIFO method,<br>determine the cost of materials used and the cost of ending<br>inventory for the month of July 2021.<br>July 1,2021 Balance on hand, 1000 yards of linen @ OMR 4.000<br>each.<br>3<br>Issued 250 yards<br>Received 500 yards @ OMR 4.500 each<br>Issued 150 yards<br>Issued 110 yards<br>6.<br>10<br>Received 500 yards @ OMR 5.500 each<br>Returned 300 yards to the vendor from July 15th Purchase<br>Issues 600 yards<br>15<br>20<br>25<br>

Extracted text: 2. Using the following information under FIFO method, determine the cost of materials used and the cost of ending inventory for the month of July 2021. July 1,2021 Balance on hand, 1000 yards of linen @ OMR 4.000 each. 3 Issued 250 yards Received 500 yards @ OMR 4.500 each Issued 150 yards Issued 110 yards 6. 10 Received 500 yards @ OMR 5.500 each Returned 300 yards to the vendor from July 15th Purchase Issues 600 yards 15 20 25

Jun 10, 2022

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2. Using the following information under FIFO method, determine the cost of materials used and the cost of ending inventory for the month of July 2021. July 1,2021 Balance on hand, 1000 yards of linen...

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