Given the following data for Muscat Company, compute cost of goods manufactured: Direct materials used OMR 120,000 Beginning work in process OMR 20,000 Direct labor 200,000 Ending work in process 10,000 Manufacturing overhead 180,000 Beginning finished goods 25,000 Operating expenses 175,000 Ending finished goods 15,000 compute cost of goods manufactured:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Given the following data for Muscat Company, compute cost of goods manufactured:
Direct materials used
OMR 120,000
Beginning work in process
OMR 20,000
Direct labor
200,000
Ending work in process
10,000
Manufacturing overhead
180,000
Beginning finished goods
25,000
Operating expenses
175,000
Ending finished goods
15,000
compute cost of goods manufactured:
Select one:
a. OMR 500,000
Ob.OMR 520,000
Oc. None of the answers are correct
O d. OMR 490,000
Oe. OMR 510,000
Transcribed Image Text:Given the following data for Muscat Company, compute cost of goods manufactured: Direct materials used OMR 120,000 Beginning work in process OMR 20,000 Direct labor 200,000 Ending work in process 10,000 Manufacturing overhead 180,000 Beginning finished goods 25,000 Operating expenses 175,000 Ending finished goods 15,000 compute cost of goods manufactured: Select one: a. OMR 500,000 Ob.OMR 520,000 Oc. None of the answers are correct O d. OMR 490,000 Oe. OMR 510,000
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