Time left 1:27:10XYZ Co. has the following information:Inventory at Inventory at 31st Dec1st Jan 20202020Raw MaterialsInventoryOMR20,000OMR30,000Work in ProcessOMR15,000OMRInventory18,000Finished GoodsInventoryOMROMR30,00020,000Additional information for the year is as follows: ATTENDANAdditional information for the year is as follovTime left 1:26:12Raw materials purchasesOMR 100,000Direct laborOMR 75,000Manufacturing overhead appliedOMR 80,000Manufacturing overhead ActualOMR 85,000Indirect materialsOMRCompute the adjusted cost of goods sold.a.OMR 257,000b. OMR 247,000OMR 258,000O d. OMR 252,000e.None of the given answer is correct

The cost of goods sold consists of the total cost incurred on the goods that are sold during period.…

Answered: Inventory at Inventory at 31st Dec 1st…

Inventory at Inventory at 31st Dec 1st Jan 2020 2020 Raw Materials Inventory OMR 20,000 OMR 30,000 Work in Process Inventory OMR 15,000 OMR 18,000 Finished Goods OMR OMR Inventory 30,000 20,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

100%

Time left 1:27:10
XYZ Co. has the following information:
Inventory at Inventory at 31st Dec
1st Jan 2020
2020
Raw Materials
Inventory
OMR
20,000
OMR
30,000
Work in Process
OMR
15,000
OMR
Inventory
18,000
Finished Goods
Inventory
OMR
OMR
30,000
20,000
Additional information for the year is as follows:

ATTENDAN
Additional information for the year is as follov
Time left 1:26:12
Raw materials purchases
OMR 100,000
Direct labor
OMR 75,000
Manufacturing overhead applied
OMR 80,000
Manufacturing overhead Actual
OMR 85,000
Indirect materials
OMR
Compute the adjusted cost of goods sold.
a.
OMR 257,000
b. OMR 247,000
OMR 258,000
O d. OMR 252,000
e.
None of the given answer is correct

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