Inventory at 1st Inventory at 31st Dec 2020 Jan 2020 Raw Materials Inventory OMR 20,000 OMR 30,000 Work in Process Inventory OMR 18,000 OMR 15,000 Finished Goods Inventory OMR 30,000 OMR 20,000 Additional information for the year is as follows: Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 85,000 Manufacturing overhead Actual OMR 80,000 Indirect materials OMR

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ttempt.php?attempt3D17649928&cmid%3D875183&page%3D22#3question-1984127-35
6 S
a https://alternativet...
4 SQUCOFFEE - Goog... B BCOM2911-Busines...
الم ميزة بنجمة - . . .Go o
صفحتي الرئيسية
(ACADEMIC)
SQU LIBRARIES -
SQU PORTAL ATTENDANCE
E-LEARNING SERVICES -
uestion
XYZ Co. has the following information:
yet
wered
Inventory at 1st
rked out of
Inventory at 31st Dec 2020
Jan 2020
Raw Materials Inventory
OMR 20,000
OMR
30,000
Flag
estion
Work in Process Inventory
OMR 18,000
OMR
15,000
Finished Goods Inventory
OMR 30,000
OMR
20,000
Additional information for the year is as follows:
Raw materials purchases
OMR 100,000
Direct labor
OMR
75,000
Manufacturing overhead applied
OMR
85,000
Manufacturing overhead Actual
OMR
80,000
Indirect materials
OMR
Compute the adjusted cost of goods sold.
O a. OMR 257,000
O b. OMR 247,000
Oc.
None of the given answer is correct
O d. OMR 258,000
O e. OMR 252,000
Transcribed Image Text:ttempt.php?attempt3D17649928&cmid%3D875183&page%3D22#3question-1984127-35 6 S a https://alternativet... 4 SQUCOFFEE - Goog... B BCOM2911-Busines... الم ميزة بنجمة - . . .Go o صفحتي الرئيسية (ACADEMIC) SQU LIBRARIES - SQU PORTAL ATTENDANCE E-LEARNING SERVICES - uestion XYZ Co. has the following information: yet wered Inventory at 1st rked out of Inventory at 31st Dec 2020 Jan 2020 Raw Materials Inventory OMR 20,000 OMR 30,000 Flag estion Work in Process Inventory OMR 18,000 OMR 15,000 Finished Goods Inventory OMR 30,000 OMR 20,000 Additional information for the year is as follows: Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 85,000 Manufacturing overhead Actual OMR 80,000 Indirect materials OMR Compute the adjusted cost of goods sold. O a. OMR 257,000 O b. OMR 247,000 Oc. None of the given answer is correct O d. OMR 258,000 O e. OMR 252,000
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