According to the information given in the table below, which of the following is Raw materials consumed?   Opening Stock Raw Materials  27300 Purchases 231600 Freight in  4500 Purchase return raw Material  6500 Wages 123000 Closing Stock Raw Materials 19500   chose one a. 238900 b. 252300 c. 243900 d. 237400

Q: pening stock of work in progress is 12000, and closing stock of Work in progress is 13500 OMR,…

A: Cost of Goods Sold can be computed as = Opening stock of finished goods - closing stock of finished…

Q: The following information is from the records of the Silver Company: Net direct materials purchase…

A: Formula: Ending inventory = Beginning inventory + Purchases - materials used

Q: Santos Company is a manufacturing firm that has the following inventory balances: Raw materials…

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Q: Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory…

A:

Q: ccording to the information given in the table below, which of the following is Cost of Goods Sold?…

A: Cost of Production = 188,800 Opening stock of WIP = 52,300 Opening stock of Finished Goods = 29,960…

Q: The following is an extract of records of the manufacturing concern ABC Ltd, who has approached you…

A: Net profit of the business means difference of income and expenses of the business. If income are…

Q: According to the information given in the table below, which of the following is Prime Cost? Opening…

A: Net purchase=Purchase-Purchase return=128,000-1,800=126,200

Q: According to the information given in the table below, which of the following is Cost of Goods Sold?…

A: Cost of goods sold is the cost which relates to the goods which has been sold during the year or…

Q: Mocha Company uses the lower of cost or net realizable value method to value inventory. Data…

A:

Q: According to the information given in the table below, which of the following is Raw materials…

A: Given, Opening raw material (RW) =14,500 Purchases = 104,300 Purchase return = 1,120 Closing RW =…

Q: pening stock of work in progress is 22000, and closing stock of Work in progress is 23750 OMR, Cost…

A: Cost of goods sold can be computed as = Cost of goods manufactured + Opening stock of finished…

Q: Opening stock of Raw material is 160000 OMR, Freight Inwards 10000 OMR, Purchases of Raw material…

A: Raw materials used = Opening Raw materials + Raw materials purchased + Freight inwards - Purchase…

Q: Calculate the cost of goods available for sale. Inventory Opening Closing Material $100 $120 Work…

A: COST OF GOODS AVAILABLE FOR SALE : COST OF GOODS MANUFACTURED + COST OF FINISHED GOODS INVENTORY AT…

Q: Opening stock of Raw material is 90000 OMR, Freight Inwards 10000 OMR, Purchases of Raw material…

A: Raw material used is the actual cost of materials that is being used for manufacturing. It includes…

Q: Opening stock of Raw material is 190000 OMR, Freight Inwards 5000 OMR, custom duty on purchases 5000…

A: The materials that are used in the production and can be directly related to production are said to…

Q: According to the information given in the table below, which of the following is Cost of Goods Sold?…

A: Solution:- calculation of Cost of Goods Sold as follows under;- Introduction:- The following formula…

Q: Opening stock of Raw material is 260000 OMR, Freight Inwards 3000 OMR, custom duty on purchases 2000…

A: Raw material Used = Opening stock of Raw material + Freight Inwards + custom duty on purchases +…

Q: Date Units Units Cost Inventory 8/1 5,000 P 2.00 Purchases: 8/7 6,000 P 8,000 P 9,000 P 10,000 P…

A: Total units available for sale = 5000+6000+8000+9000+10000+10000  = 48000 units Total no. of units…

Q: he föllówing inventory data relate to Abner Corporation.

A: In this problem we can calculate direct material purchased from…

Q: The following is an extract of records of the manufacturing concern ABC Ltd, who has approached you…

A: Cost of goods manufactured means the cost incurred for manufacturing the finished product. Cost of…

Q: es Required information [The following information applies to the questions displayed below.]…

A: SCHEDULE OF COST OF GOODS MANUFACTUREDSchedule Of Cost Of Goods Manufactured are those costs which…

Q: II. A. The following information is to be used in costing inventory on August 31 August Beginning…

A: The question is related to Valuation of issue of inventory. 1. First in First Out:- : It is a method…

Q: Required information [The following information applies to the questions displayed below.]…

A: Income statement is prepared by recording the sales revenue, cost of goods sold, operating expenses,…

Q: According to the information given in the table below, which of the following is Raw materials…

A: Raw material consumed =Opening stock of raw material +Purchase+ Freight inward-Closing stock of raw…

Q: Cost of Goods Manufactured and Cost of Goods Sold For each of the following unrelated companies,…

A: The cost of goods manufactured refers to the total cost that a company incurs for manufacturing the…

Q: Question 2: ABC Company has the following information for the period ended 31 December 2020. Direct…

A: Given below is the manufacturing statement and calculation of unit production cost:

Q: Time answered Marked out of Inventory at 1st 0.80 Jan 2020 Inventory at 31st Dec 2020 P Flag Raw…

A: Raw material consumed(Rc) = beginning RM + purchase- ending RM = 20000+100000-30000 = 90000

Q: Beginning Inventory $500 Ending Inventory $610 Purchases of Materials Cost of Goods Sold $27.900…

A: Lets understand the basics.Manufacturing costs is a total of direct material used, direct labor and…

Q: According to the information given in the table below, which of the following is Raw materials…

A: The cost figure are given  Required  Calculate Raw Material consumed.

Q: According to the information given in the table below, which of the following is Cost of Goods Sold?…

A: Cost Of Goods Sold = Cost Of Production + Opening Stock of Finished Goods - Closing Stock of…

Q: Unit cost of finished goods inventory Total cost of finished goods inventory Cost of goods sold

A: Cost of production = Opening WIP + raw materials consumed + direct labor + facotory Oh - Closing WIP…

Q: According to the information given in the table below, which of the following is Prime Cost?…

A: Prime cost = Direct Material cost + Direct Labor cost Direct Material consumed = Opening Stock +…

Q: Description Amount Inventory of Raw Material (Opening Stock) 12,500.00 Purchases of Raw…

A:

Q: Opening stock of Raw material is 180000 OMR, Freight Inwards 3000 OMR, Purchases of Raw material…

A: Raw material used in the business means how much cost of goods has been actually consumed in the…