Wadi Nam Company had the following information: beginning work in process inventory, OMR 180,000; cost of goods manufactured, OMR 866,000; beginning finished goods inventory, OMR 252,000; ending work in process inventory, OMR 220,000; and ending finished goods inventory, OMR 264,000. Wadi Nam Company's cost of goods sold for the year is: Select one: O a. OMR 662,000. b. None of the answers are correct c. OMR 807,000. d. OMR 804,000. e. OMR 896,000.
Wadi Nam Company had the following information: beginning work in process inventory, OMR 180,000; cost of goods manufactured, OMR 866,000; beginning finished goods inventory, OMR 252,000; ending work in process inventory, OMR 220,000; and ending finished goods inventory, OMR 264,000. Wadi Nam Company's cost of goods sold for the year is: Select one: O a. OMR 662,000. b. None of the answers are correct c. OMR 807,000. d. OMR 804,000. e. OMR 896,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Wadi Nam Company had the
following information: beginning
work in process inventory, OMR
180,000; cost of goods
manufactured, OMR 866,000;
beginning finished goods inventory,
OMR 252,000; ending work in
process inventory, OMR 220,000; and
ending finished goods inventory,
OMR 264,000. Wadi Nam Company's
cost of goods sold for the year is:
Select one:
O a. OMR 662,000.
b. None of the answers are
correct
c. OMR 807,000.
d. OMR 804,000.
e. OMR 896,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b09e995-10c7-428d-8df7-cab6105819c8%2F39cdbc8f-b4a9-48a5-ac36-4469fb6ea942%2Fzej3bm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Wadi Nam Company had the
following information: beginning
work in process inventory, OMR
180,000; cost of goods
manufactured, OMR 866,000;
beginning finished goods inventory,
OMR 252,000; ending work in
process inventory, OMR 220,000; and
ending finished goods inventory,
OMR 264,000. Wadi Nam Company's
cost of goods sold for the year is:
Select one:
O a. OMR 662,000.
b. None of the answers are
correct
c. OMR 807,000.
d. OMR 804,000.
e. OMR 896,000.
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