XYZ Co. has the following information: Inventory at 1st Inventory at 31st Dec 2020 Jan 2020 Raw Materials Inventory OMR 20,000 OMR 30,000 Work in Process Inventory OMR 18,000 OMR 15,000 Finished Goods Inventory OMR 30,000 OMR 20,000 Additional information for the year as follows: Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 85,000 Manufacturing overhead Actual OMR 80,000 Indirect materials OMR

XYZ Co. has the following information: Inventory at 1st Inventory at 31st Dec 2020 Jan 2020 Raw Materials Inventory OMR 20,000 OMR 30,000 Work in Process Inventory OMR 18,000 OMR 15,000 Finished Goods Inventory OMR 30,000 OMR 20,000 Additional information for the year as follows: Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 85,000 Manufacturing overhead Actual OMR 80,000 Indirect materials OMR

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

100%

Additional information for the year is as follows:
Raw materials purchases
OMR 100,000
Direct labor
OMR
75,000
Manufacturing overhead applied
OMR
85,000
Manufacturing overhead Actual
OMR
80,000
Indirect materials
OMR
Compute the adjusted cost of goods sold.
O a.
OMR 247,000
O b. OMR 258,000
O c. None of the given answer is correct
O d. OMR 252,000
O e. OMR 257,000

XYZ Co. has the following information:
Inventory at 1st
Inventory at 31st Dec 2020
Jan 2020
Raw Materials Inventory
OMR 20,000
OMR
30,000
Work in Process Inventory
OMR 18,000
OMR
15,000
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
85,000
Manufacturing overhead Actual
OMR
80,000
Indirect materials
OMR

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Time left 2:02:30 XYZ Co. has the following information: Inventory at 1st Inventory at 31st Dec 2020 Jan 2020 Raw Materials Inventory OMR 20,000 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 100,000 F OMR 75,000 Direct labor OMR 80,000 Manufacturing overhead applied OMR 85,000 Manufacturing overhead Actual OMR Indirect materials Compute the adjusted cost of goods sold. O a. OMR 252,000 O b. OMR 257,000 O C. OMR 258,000
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