Muscat Company's accounting records reflect the following inventories: Dec. 31, 2020, Jan. 1, 2020 Raw materials inventory OMR 310,000 OMR 300,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2020, OMR 800,000 of raw materials were purchased, direct labor costs amounted to OMR 670,000, and manufacturing overhead incurred was OMR 640,000. How much is the total manufacturing costs for 2020? Select one: O a. OMR 2,100,000. O b. OMR 2,060,000. O c. None of the answers are correct Od. OMR 2,110,000. O e. OMR 2,020,000.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
icon
Related questions
Topic Video
Question
Muscat Company's accounting records reflect the following inventories:
Dec. 31, 2020,
Jan. 1, 2020
Raw materials inventory
OMR 310,000
OMR 300,000
Work in process inventory
300,000
160,000
Finished goods inventory
190,000
150,000
During 2020, COMR 800,000 of raw materials were purchased, direct labor costs amounted to OMR 670,000, and manufacturing
overhead incurred was OMR 640,000. How much is the total manufacturing costs for 2020?
Select one:
O a. OMR 2,100,000.
Ob. OMR 2,060,000.
O c. None of the answers are correct
O d. OMR 2,110,000.
O e. OMR 2,020,000.
Transcribed Image Text:Muscat Company's accounting records reflect the following inventories: Dec. 31, 2020, Jan. 1, 2020 Raw materials inventory OMR 310,000 OMR 300,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2020, COMR 800,000 of raw materials were purchased, direct labor costs amounted to OMR 670,000, and manufacturing overhead incurred was OMR 640,000. How much is the total manufacturing costs for 2020? Select one: O a. OMR 2,100,000. Ob. OMR 2,060,000. O c. None of the answers are correct O d. OMR 2,110,000. O e. OMR 2,020,000.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning