Opening stock of Raw material is 260000 OMR, Freight Inwards 3000 OMR, custom duty on purchases 2000 OMR, Purchases of Raw material 900000 OMR, Purchase returns is 2000 OMR and Closing stock of Raw material is 8000 OMR, Direct Wages is 175,000 OMR direct Expenses is 5000 OMR Calculate Raw material Used. Select one: a. 1,064,000 OMR b. 1,069,000 OMR c. 1,094,000 OMR d. 1,155,000 OMR

Q: A manufacturing company has a beginning finished goods inventory of $16,600, raw material purchases…

A: Cost of goods sold is the cost of units sold during the period. It is the difference between cost…

Q: pening stock of work in progress is 12000, and closing stock of Work in progress is 13500 OMR,…

A: Cost of Goods Sold can be computed as = Opening stock of finished goods - closing stock of finished…

Q: Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete;…

A: The conversion cost per equivalent unit is calculated as total conversion cost divided by number of…

Q: . Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete;…

A: EUP of beginning x  = beginning inventory x 40%   = 22500 x 40%   = 9000 units

Q: According to the information given in the table below, which of the following is Prime Cost? Opening…

A: Net purchase=Purchase-Purchase return=128,000-1,800=126,200

Q: Q7: If the inventory of raw materials at( 1/1) is 75,000, and the inventory of raw materials at…

A: Every organization has to maintain its books of accounts and records relating to the purchase and…

Q: Assume the following:   Purchases of raw materials $ 38,000 Indirect materials used in production $…

A: Direct materials are the materials or resources used in the production of a product that are…

Q: According to the information given in the table below, which of the following is Cost of Goods Sold?…

A: Cost of goods sold is the cost which relates to the goods which has been sold during the year or…

Q: IRON ORE COST SHEET 1. Please, prepare the cost sheet, based on the following information a)…

A: Cost sheet- Standard cost sheets are cost cards that help determine the number of materials, labor,…

Q: A manufacturing company has a beginning finished goods inventory of $28,600, raw material purchases…

A: Cost of goods sold represents the cost of those goods that are sold by the entity. These are…

Q: Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending…

A: solution: Units started and completed = Total EUP - Units completed from beginning WIP - Units in…

Q: Iris Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete;…

A: EUP of beginning x  = beginning inventory x 40%   = 22500 x 40%   = 9000 units

Q: pening stock of work in progress is 22000, and closing stock of Work in progress is 23750 OMR, Cost…

A: Cost of goods sold can be computed as = Cost of goods manufactured + Opening stock of finished…

Q: Refer to the following data. Direct material used Selling costs Indirect labour Administrative costs…

A: Conversion Costs -Conversion cost is the price paid by a manufacturing company to transform its raw…

Q: Choose and explain.  a. P4,270,000 b. P4,170,000

A: The question is based on the concept of Cost Accounting.

Q: For each of the following independent cases (1 to 4), compute the missing values. Note: Enter all…

A: The manufacturing expenses incurred to produce a good or service (job) within the time period are…

Q: Ibe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete;…

A: EUP of beginning units = beginning units x% Completed   = 22500 x 40%   = 9000

Q: 1. Manulactiurlng costs. A chedule of cost .of goodis Imanuluciurou SIRIYS, Matorlals used. Direct…

A: Overhead allocation rate is the rate used to charge the overhead cost of production to the product…

Q: X Company had $80,000 of ending finished goods inventory, beginning finished goods inventory was…

A: Cost of goods manufactured = Cost of goods sold + Ending inventory - Beginning inventory

Q: Calculate Prime cost.

A: In a manufacturing process, there are many activities carried out continuously for reaching the…

Q: Using FIFO method, the started in process units is? Using FIFO method, the unit cost is? Using…

A: Let units started = x units  Units started and completed = x units - ending inventory units  = x…

Q: Bebe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete;…

A: Process costing is that method of costing which is used for industries where product has to go…

Q: P10-5 Perth Amboy Corporation manufactures white board in a two-department processes. The Assembly…

A: What is meant by Process Costing? Process costing is a method of cost accounting, which is used…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Given that, Prime cost is 236000 OMR cost of production for the year is 298420 OMR Opening stock of…

Q: According to the information given in the table below, which of the following is Raw materials…

A: Raw material consumed =Opening stock of raw material +Purchase+ Freight inward-Closing stock of raw…

Q: Opening stock of Raw material is 190000 OMR, Freight Inwards 5000 OMR, custom duty on purchases 5000…

A: Prime cost = opening stock of raw materials + purchases of raw materials + Direct expenses +Direct…

Q: Choose and explain.  a. P4,170,000 b. P4,270,000

A: The question is based on the concept of Cost Acounting.

Q: From the following information calculate raw material storage period Annual raw material consumption…

A: The raw material storage period is 60 days.Explanation:We can use the following formula to calculate…

Q: According to the information given in the table below, which of the following is Raw materials…

A: The cost figure are given  Required  Calculate Raw Material consumed.

Q: According to the information given in the table below, which of the following is Cost of Goods Sold?…

A: Cost Of Goods Sold = Cost Of Production + Opening Stock of Finished Goods - Closing Stock of…