Heelp ACCT201 Sections 2,3 and 4 (Dr. Mohammed Omar) / Mid-term Exam I ACCT201Muscat Corporation has the following cost records for January 2019.Indirect factory labor14,300 Factory utilities10,100ofRaw materials purchases152,500 Factory repairs12,600Raw materials inventory 1/1/201916,700Depreciation, factory equipment9,440estionRaw materials inventory, 1/31/1922,800Direct labor175,600Work in process, 1/1/201918,400Factory insurance8,360Work in process, 1/31/1925,200Advertising costs5,0005,000Sales commissions3,500Finished goods, 1/1/197,500Cost of shipping2,500Finished goods, 1/31/19What is the cost of goods manufacturing for 2019:Select one:

Cost of Goods Manufactured = Beginning WIP Inventory + Total Manufacturing Cost – Ending WIP…

Muscat Corporation has the following cost records for January 2019. Indirect factory labor 14,300 Factory utilities 10,100 Raw materials purchases 152,500 Factory repairs 12,600 Raw materials inventory 1/1/2019 16,700 Depreciation, factory equipment 9,440 Raw materials inventory, 1/31/19 22,800 Direct labor 175,600 Work in process, 1/1/2019 18,400 Factory insurance 8,360 Work in process, 1/31/19 25,200 Advertising costs 5,000 Finished goods, 1/1/19 5,000 Sales commissions 3,500 7,500 Cost of shipping 2,500 Finished goods, 1/31/19 What is the cost of goods manufacturing for 2019:

Muscat Corporation has the following cost records for January 2019. Indirect factory labor 14,300 Factory utilities 10,100 Raw materials purchases 152,500 Factory repairs 12,600 Raw materials inventory 1/1/2019 16,700 Depreciation, factory equipment 9,440 Raw materials inventory, 1/31/19 22,800 Direct labor 175,600 Work in process, 1/1/2019 18,400 Factory insurance 8,360 Work in process, 1/31/19 25,200 Advertising costs 5,000 Finished goods, 1/1/19 5,000 Sales commissions 3,500 7,500 Cost of shipping 2,500 Finished goods, 1/31/19 What is the cost of goods manufacturing for 2019:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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