Question 2: Oman Company has the following information for the period ended 31 December 2020. OMR 380000 Direct material purchases Direct labor OMR 210000 OMR 28000 Factory maintenance Power and heat-factory Direct Expenses Indirect factory labor Freight In Depreciation - Factory Advertisement expenses Inventories, 1 January 2020: Direct Material OMR 14500 10 % of the prime cost OMR 23000 OMR 6500 OMR 24800 OMR 4500 OMR 44300 OMR 51200 Work-in-process Finished goods OMR 77000 OMR 3400 Purchase returns of direct materials OMR 11800 Depreciation-administrative Inventories, 31 December 2020: Material OMR 18000 Work-in process OMR 35000 Finished goods 4000 Units Total Production Units 36000 units Finished goods are valued at the current unit manufacturing cost. You are required to prepare: I. Manufacturing Statement II. Calculate unit production cost.
Question 2: Oman Company has the following information for the period ended 31 December 2020. OMR 380000 Direct material purchases Direct labor OMR 210000 OMR 28000 Factory maintenance Power and heat-factory Direct Expenses Indirect factory labor Freight In Depreciation - Factory Advertisement expenses Inventories, 1 January 2020: Direct Material OMR 14500 10 % of the prime cost OMR 23000 OMR 6500 OMR 24800 OMR 4500 OMR 44300 OMR 51200 Work-in-process Finished goods OMR 77000 OMR 3400 Purchase returns of direct materials OMR 11800 Depreciation-administrative Inventories, 31 December 2020: Material OMR 18000 Work-in process OMR 35000 Finished goods 4000 Units Total Production Units 36000 units Finished goods are valued at the current unit manufacturing cost. You are required to prepare: I. Manufacturing Statement II. Calculate unit production cost.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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