Bidiyah Sugar Factory had the following data: Jan. 1, 2020 Dec. 31, 2020 Raw materials inventory OMR 80,000 OMR 64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000 During 2020, the company purchased OMR 1,450,000 of materials, had a direct labor cost of OMR 250,000, an manufacturing overhead was OMR 160,000. The cost of goods sold is: Select one: a. None of the answers are correct b. 1,684,000 c. 1,610,000 O d. 1,872,000 e. 1,864,000

Bidiyah Sugar Factory had the following data: Jan. 1, 2020 Dec. 31, 2020 Raw materials inventory OMR 80,000 OMR 64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000 During 2020, the company purchased OMR 1,450,000 of materials, had a direct labor cost of OMR 250,000, an manufacturing overhead was OMR 160,000. The cost of goods sold is: Select one: a. None of the answers are correct b. 1,684,000 c. 1,610,000 O d. 1,872,000 e. 1,864,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Bidiyah Sugar Factory had the following data:
Jan. 1, 2020
Dec. 31, 2020
Raw materials inventory
OMR 80,000
OMR 64,000
Work in process inventory
104,000
116,000
Finished goods inventory
100,000
92,000
During 2020, the company purchased OMR 1,450,000 of materials, had a direct labor cost of OMR 250,000, and
manufacturing overhead was OMR 160,000. The cost of goods sold is:
Select one:
Oa. None of the answers are correct
O b. 1,684,000
O c. 1,610,000
Od. 1,872,000
O e. 1,864,000

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