Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 80,000 Manufacturing overhead Actual OMR 85,000 Indirect materials OMR Compute the adjusted cost of goods sold. a. OMR 252,000 O b. OMR 258,000 Oc. OMR 257,000 Od. OMR 247,000 O e. None of the given answer is correct

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
Look to the two tables to answer the question
cion
XYZ Co. has the following information:
Inventory at
1st Jan 2020
Inventory at 31st
Dec 2020
ut of
Raw Materials
OMR
20,000
OMR
Inventory
30,000
Work in Process
Inventory
OMR
15,000
OMR
18,000
Finished Goods
OMR
30,000
OMR
Inventory
20,000
Transcribed Image Text:cion XYZ Co. has the following information: Inventory at 1st Jan 2020 Inventory at 31st Dec 2020 ut of Raw Materials OMR 20,000 OMR Inventory 30,000 Work in Process Inventory OMR 15,000 OMR 18,000 Finished Goods OMR 30,000 OMR Inventory 20,000
Raw materials purchases
OMR 100,000
Direct labor
OMR 75,000
Manufacturing overhead applied
OMR 80,000
Manufacturing overhead Actual
OMR 85,000
Indirect materials
OMR
Compute the adjusted cost of goods sold.
a. OMR 252,000
O b. OMR 258,000
Oc. OMR 257,000
Od. OMR 247,000
e.
None of the given answer is correct
Transcribed Image Text:Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 80,000 Manufacturing overhead Actual OMR 85,000 Indirect materials OMR Compute the adjusted cost of goods sold. a. OMR 252,000 O b. OMR 258,000 Oc. OMR 257,000 Od. OMR 247,000 e. None of the given answer is correct
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