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Time answered Marked out of Inventory at 1st 0.80 Jan 2020 Inventory at 31st Dec 2020 P Flag Raw Materials Inventory OMR 20,000 OMR question 30,000 Work in Process Inventory OMR 15,00o OMR 18,000 Finished Goods Inventory OMR 30,000 OMR 20,000 Additional information for the year is as follows: Raw materials purchases OMR 100.000 Direct labor OMR 75.000 Manufacturing overhead applied OMR 60,000 Manufacturing overhead Actual OMR 85.000 Indirect materials OMR Compute the adjusted cost of goods sold.

Time answered Marked out of Inventory at 1st 0.80 Jan 2020 Inventory at 31st Dec 2020 P Flag Raw Materials Inventory OMR 20,000 OMR question 30,000 Work in Process Inventory OMR 15,00o OMR 18,000 Finished Goods Inventory OMR 30,000 OMR 20,000 Additional information for the year is as follows: Raw materials purchases OMR 100.000 Direct labor OMR 75.000 Manufacturing overhead applied OMR 60,000 Manufacturing overhead Actual OMR 85.000 Indirect materials OMR Compute the adjusted cost of goods sold.

FINANCIAL ACCOUNTING
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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Not yet Time Je answered Marked out of Inventory at 1st 0.80 Jan 2020 Inventory at 31st Dec 2020 P Flag Raw Materials Inventory OMR 20,000 question OMR 30,000 Work in Process Inventory OMR 15,000 OMR 18,000 Finished Goods Inventory OMR 30,000 OMR 20,000 Additional information for the year is as follows: Raw materials purchases OMR 100.00 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. Oa. OMR 257.000
Transcribed Image Text:Not yet Time Je answered Marked out of Inventory at 1st 0.80 Jan 2020 Inventory at 31st Dec 2020 P Flag Raw Materials Inventory OMR 20,000 question OMR 30,000 Work in Process Inventory OMR 15,000 OMR 18,000 Finished Goods Inventory OMR 30,000 OMR 20,000 Additional information for the year is as follows: Raw materials purchases OMR 100.00 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. Oa. OMR 257.000
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