Cost Items Cost Raw materials, 1/1/2019 OMR 30,000 Insurance, factory OMR 14,000 Raw materials, 12/31/2019 20,000 Property taxes, factory building 6,000 Raw materials purchase during 2019 205,000 Sales revenue 1,500,000 Indirect materials 15,000 Delivery expenses 100,000 Work in process, 1/1/2019 80,000 Sales commissions 150,000 Work in process, 12/31/2019 50,000 Indirect labor 90,000 Finished goods, 1/1/2019 110,000 Factory machinery rent 40,000 Finished goods, 12/31/2019 120,000 Factory utilities 65,000 Direct labor 350,000 Depreciation, factory building 24,000 Factory manager's salary 35,000 Administrative expenses 300,000 Direct materials used is:
Cost Items Cost Raw materials, 1/1/2019 OMR 30,000 Insurance, factory OMR 14,000 Raw materials, 12/31/2019 20,000 Property taxes, factory building 6,000 Raw materials purchase during 2019 205,000 Sales revenue 1,500,000 Indirect materials 15,000 Delivery expenses 100,000 Work in process, 1/1/2019 80,000 Sales commissions 150,000 Work in process, 12/31/2019 50,000 Indirect labor 90,000 Finished goods, 1/1/2019 110,000 Factory machinery rent 40,000 Finished goods, 12/31/2019 120,000 Factory utilities 65,000 Direct labor 350,000 Depreciation, factory building 24,000 Factory manager's salary 35,000 Administrative expenses 300,000 Direct materials used is:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:items
Cost
Items
Cost
Raw materials, 1/1/2019
OMR 30,000
Insurance, factory
OMR 14,000
Raw materials, 12/31/2019
20,000
Raw materials purchase during 2019 205,000
Property taxes, factory building
6,000
Sales revenue
1,500,000
Indirect materials
15,000
Delivery expenses
100,000
Work in process, 1/1/2019
80,000
Sales commissions
150,000
Work in process, 12/31/2019
50,000
Indirect labor
90,000
Finished goods, 1/1/2019
110,000
Factory machinery rent
40,000
Finished goods, 12/31/2019
120,000
Factory utilities
65,000
Direct labor
350,000
Depreciation, factory building
24,000
Factory manager's salary
35,000
Administrative expenses
300,000
Direct materials used is:
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