Company XYZ has raw materials at the beginning of August of OMR400,000. During August, thecompany purchased additional raw materials of OMR30,000. During August also, the companyused OMR300,000 raw materials; OMR150,000 directly on the production process andOMR150,000 related to maintenance of administrative cars. How much balance in the raw0.8?materials by the end of Augustاخترأحد الخياراتa. None of the given answersb. OMR250,000C. OMR130,000 Od. OMR430,000e. OMR280,000 OClear my choice

Name: Company XYZ has raw materials at the beginning of August of OMR400,00
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Description: Company XYZ has raw materials at the beginning of August of OMR400,000. During August, thecompany purchased additional raw materials of OMR30,000. During August also, the companyused OMR300,000 raw materials; OMR150,000 directly on the production pr

Raw Materials inventory is the Part of the Current Assets . Raw materials are used for the making of…

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5. How much balance in the raw ematerials by the end of August

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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O e. OMR24 11 Company XYZ has raw materials at the beginning of August of OMR150,000. During August, the company purchased additional raw materials of OMR30,000. During August also, the company used OMR120,000 raw materials; OMR100,000 directly on the production process and OMR20,000 related to maintenance of administrative cars. How much balance in the raw materials by the end of August? ut of estion Select one: O a. OMR80,000 O b. OMR180,000 O c. OMR60,000 O d. OMR160,000 O e. None of the given answers 2 XYZ Company developed the following data for the current year: Ending work in process inventory OMR225,000 ; Direct materials used OMR96,000 ; Manufacturing Overhead applied OMR144,000 ; Cost of goods manufactured OMR350,000 ; Direct labor cost OMR240,000. Company's beginning work in process inventory is i of stion Select one: O a. OMR95,000 18
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M&M Company had raw materials on hand on January 1 of the current year of P540,000 and on June 30 of P570,000. Work in process inventory was P600,000 on January 1 and P440,000 on June 30. The balance of finished goods inventory was P580,000 on January 1 and P400,000 on June 30. The company purchased materials for the period amounting to P1,640,000. Of the raw materials issued, 20% are indirect materials. The labor charges for the period were: direct labor, P840,000; indirect labor, P180,000; office salaries, P140,000, and sales salaries of P80,000. The total factory utilities expense incurred for the period was P360,000, repair and maintenance of factory equipment, P20,000 and depreciation on factory equipment was reported to be P120,000. The company uses the actual costing method of accumulating costs and it maintains a 35% mark up on costs for establishing its selling price. Compute for: a) The total factory costs for the period. b) The cost of goods sold for the period. c)…
ABC company had the following transactions and events đuring the year ended 31 March 2022. The company uses direct lahor dollars as the allocation base. For the current yeur, the estimated overhead was $777,000 and estimated direct labor cost was $350,000. Actual costs incurred follows: a. Purchased raw materials on account, $567,000. b. 10% of raw materials purchased was requisitioned as indirect materials. c. Direct labor for production is $320,000, indirect labor is $125,000. d. Some costs for the company and their percentage for factory are shown below, with the remaining percentage for administration costs. Other costs for Total $ Percentage spent in factory the company Property tax 100,000 90% Utilities 90,000 89% Depreciation 150,000 75% Insurance 180,000 80% | Cleaning service fee 85,000 70% |Maintenance fee 50,000 90% The bulances of inventory follow: Beginning Ending Raw materials $8,000 $25,010 Work-in-process Finished goods 7,500 572,650 25,010 487,810 Required: d) Prepare…
Beginning raw materials inventory was P32,000. During the month, P276,000 of raw material was purchased. A count at the end of the month revealed that P28,000 of raw material was still present. What is the cost of direct material used?A. P276,000B. P272,000C. P280,000D. P 2,000
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The following data were taken from the records of Westbrooks Company: INVENTORIES Aug. 31, 2020 Sept. 30, 2020 Raw Materials ₱00? ₱50,000 Work-in-Process ₱80,000 ₱95,000 Finished Goods ₱60,000 ₱78,000 Additional Information: Raw materials purchased ₱46,000 Factory overhead, 75% of direct labor cost ₱63,000 Selling and administrative expenses, 12.5% of sales ₱25,000 Net Income for September 2020 ₱25,000 What is the cost of raw materials inventory on August 31, 2020? Show solution Group of answer choices ₱40,000 ₱63,000 ₱36,000 ₱46,000