Mirbat Company has the following information for the period ended 3 1 Direct material purchases OMR 380000 OMR 210000 Direct labor OMR 28000 Factory maintenance Power and heat-factory Direct Expenses Indirect factory labor Freight In Depreciation - Factory Advertisement expenses Inventories, 1 January 2020: OMR 14500 10 % of the prime cost OMR 23000 OMR 6500 OMR 24800 OMR 4500 Direct Material OMR 44300 Work-in-process OMR 51200 Finished goods OMR 77000 Purchase returns of direct materials OMR 3400 Depreciation-administrative OMR 11800 Inventories, 31 December 2020: Material OMR 18000 Work-in process OMR 35000 Finished goods 4000 Units Total Production Units 36000 units Finished goods are valued at the current unit manufacturing cost. You are required to prepare: L Manufacturing Statement IL Calculate unit production cost.
Mirbat Company has the following information for the period ended 3 1 Direct material purchases OMR 380000 OMR 210000 Direct labor OMR 28000 Factory maintenance Power and heat-factory Direct Expenses Indirect factory labor Freight In Depreciation - Factory Advertisement expenses Inventories, 1 January 2020: OMR 14500 10 % of the prime cost OMR 23000 OMR 6500 OMR 24800 OMR 4500 Direct Material OMR 44300 Work-in-process OMR 51200 Finished goods OMR 77000 Purchase returns of direct materials OMR 3400 Depreciation-administrative OMR 11800 Inventories, 31 December 2020: Material OMR 18000 Work-in process OMR 35000 Finished goods 4000 Units Total Production Units 36000 units Finished goods are valued at the current unit manufacturing cost. You are required to prepare: L Manufacturing Statement IL Calculate unit production cost.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 2:
Mirbat Company has the following information for the period ended 31 December 2020.
OMR 380000
OMR 210000
Direct material purchases
Direct labor
OMR 28000
Factory maintenance
Power and heat-factory
Direct Expenses
Indirect factory labor
Freight In
Depreciation - Factory
Advertisement expenses
Inventories, 1 January 2020:
OMR 14500
10 % of the prime cost
OMR 23000
OMR 6500
OMR 24800
OMR 4500
Direct Material
OMR 44300
Work-in-process
OMR 51200
Finished goods
OMR 77000
Purchase returns of direct materials
OMR 3400
Depreciationadministrative
OMR 11800
Inventories, 31 December 2020:
Material
OMR 18000
Work-in process
OMR 35000
Finished goods
4000 Units
Total Production Units
36000 units
Finished goods are valued at the current unit manufacturing cost.
You are required to prepare:
I. Manufacturing Statement
IL Calculate unit production cost.
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