Opening stock of Raw material is 190000 OMR, Freight Inwards 5000 OMR, custom duty on purchases 5000 OMR, Purchases of Raw material 600000 OMR, Purchase returns is 2500 OMR and Closing stock of Raw material is 3580 OMR, Direct Wages is 175,000 OMR direct Expenses is 5000 OMR . Calculate Direct Raw Material Used. Select one: a. 670,000 OMR O b. None of these O c. 760,000 OMR O d. 793,920 OMR

Opening stock of Raw material is 190000 OMR, Freight Inwards 5000 OMR, custom duty on purchases 5000 OMR, Purchases of Raw material 600000 OMR, Purchase returns is 2500 OMR and Closing stock of Raw material is 3580 OMR, Direct Wages is 175,000 OMR direct Expenses is 5000 OMR . Calculate Direct Raw Material Used. Select one: a. 670,000 OMR O b. None of these O c. 760,000 OMR O d. 793,920 OMR

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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Question

Opening stock of Raw material is
190000 OMR, Freight Inwards 5000
OMR, custom duty on purchases
5000 OMR, Purchases of Raw
material 600000 OMR, Purchase
returns is 2500 OMR and Closing
stock of Raw material is 3580 OMR,
Direct Wages is 175,000 OMR direct
Expenses is 5000 OMR . Calculate
Direct Raw Material Used.
Select one:
a. 670,000 OMR
O b. None of these
O c. 760,000O OMR
O d. 793,920 OMR

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