cost OMR240,000. Company's beginning work in process inventory is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Step 1
Calculation of Beginning work in Process Inventory
Particulars | Amount |
Cost of goods manufactured | OMR 350,000 |
Add: Ending work in process inventory | OMR 250,000 |
The total cost of work in process | OMR 600,000 |
Less: Manufacturing cost | OMR 144,000 |
Beginning work in process inventory | OMR 456,000 |
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