pening stock of work in progress is 12000, and closing stock of Work in progress is 13500 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 16000 OMR, Cost of goods manufactured 958000 OMR Calculate cost of Goods Sold a. 999000 OMR b. None of these c. 969600 OMR d. 962000 OM
pening stock of work in progress is 12000, and closing stock of Work in progress is 13500 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 16000 OMR, Cost of goods manufactured 958000 OMR Calculate cost of Goods Sold a. 999000 OMR b. None of these c. 969600 OMR d. 962000 OM
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Opening stock of work in progress is 12000, and closing stock of Work in progress is 13500 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 16000 OMR, Cost of goods manufactured 958000 OMR Calculate cost of Goods Sold
a.
999000 OMR
b.
None of these
c.
969600 OMR
d.
962000 OMR
Expert Solution
Step 1
Cost of Goods Sold can be computed as = Opening stock of finished goods - closing stock of finished goods + Cost of goods manufactured
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