Bidiyah Sugar Factory had the following data: lan. 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, ane manufacturing overhead was OMR 160,000. The cost of goods sold is: Select one: O a. None of the answers are correct O b. 1,872,000 Oc.1,864,000 O d. 1,684,000 O e. 1,610,000 Clear my choice

Bidiyah Sugar Factory had the following data: lan. 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, ane manufacturing overhead was OMR 160,000. The cost of goods sold is: Select one: O a. None of the answers are correct O b. 1,872,000 Oc.1,864,000 O d. 1,684,000 O e. 1,610,000 Clear my choice

Name: Bidiyah Sugar Factory had the following data:Jan. 1, 2020Dec. 31, 202
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Bidiyah Sugar Factory had the following data:Jan. 1, 2020Dec. 31, 2020Raw materials inventoryOMR 80,000OMR 64,000Work in process inventory104,000116,000Finished goods inventory100,00092,000During 2020, the company purchased OMR 1,450,000 of material

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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22. Peter Company provided the following data for the year ended December 31, 2020: Raw materials purchases Total manufacturing costs Decrease in raw materials inventory Decrease in work in process inventory Increased in finished finished goods inventory45,000 Gross margin ratio Factory overhead is applied at 60% of direct labor. How much is the factory overhead cost incurred? P 80,000 220,000 4,000 20,000 40%
COGS?
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