FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Duqm Sugar Factory had the following data:
Jan. 1, 2019
Dec. 31, 2019
Raw materials inventory
OMR 80,000
OMR 64,000
Work in process inventory
104,000
116,000
Finished goods inventory
100,000
92,000
During 2019, the company purchased OMR 1,450,000 of materials, had a direct labor cost of OMR 250,000, and manufacturing
overhead was OMR 160,000. The cost of goods sold is:
Select one:
a. 1,610,000
b. None of the answers are correct
O c. 1,872,000
O d. 1,864,000
e. 1,684,000
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Transcribed Image Text:Duqm Sugar Factory had the following data: Jan. 1, 2019 Dec. 31, 2019 Raw materials inventory OMR 80,000 OMR 64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000 During 2019, the company purchased OMR 1,450,000 of materials, had a direct labor cost of OMR 250,000, and manufacturing overhead was OMR 160,000. The cost of goods sold is: Select one: a. 1,610,000 b. None of the answers are correct O c. 1,872,000 O d. 1,864,000 e. 1,684,000
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