Inventory count of a company Alpha is 24,000 units. This inventory includes goods held on consignment of company Beta costing OMR 8,000. Company Alpha did not include the cost of OMR 1,400 for the...

Extracted text: Inventory count of a company Alpha is 24,000 units. This inventory includes goods held on consignment of company Beta costing OMR 8,000. Company Alpha did not include the cost of OMR 1,400 for the goods sold which are still in transit (FOB shipping point). Calculate the cost of inventory: OMR 14,600 OMR 16,000 OMR 32,000 OMR 33,400 entory the journal entry-for cost of goods sold is: Under periodic inventory system, at the time of sale of No entry relating to cost of goods sold is passed iull lis sI O 直 。 TOSHIBA