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: O a. 1,610,000 O b. None of the answers are correct O c. 1,872,000 O d. 1,864,000 O e. 1,684,000

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: O a. 1,610,000 O b. None of the answers are correct O c. 1,872,000 O d. 1,864,000 O e. 1,684,000

Name: Duqm Sugar Factory had the following data:Jan. 1, 2019Dec. 31, 2019Ra
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Duqm Sugar Factory had the following data:Jan. 1, 2019Dec. 31, 2019Raw materials inventoryOMR 80,000OMR 64,000Work in process inventory104,000116,000Finished goods inventory100,00092,000During 2019, the company purchased OMR 1,450,000 of materials,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Use the information below for the year ended December, 2019 to prepare the Statement of Costs of Goods Manufactured:
Compute for the amount of Raw Materials Inventory, January 1.
Bidiyah 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 manufactured is: Select one: O a. 1,864,000 Ob. 1,684,000 O c. 410,000 O d. 1,610,000 e. None of the answers are correct ENG 08:31 INTL 25/05/20.
Ibra factory reports the following costs and expenses in June 2019. Indirect materials OMR 5,400 Direct Labor OMR 16,000 Depreciation on factory equipment 11,200 Advertising expense 4,600 Manager factory salary 5,000 Factory equipment repairs 300 Property taxes on office building 870 Office supplies 650 Manager office salary 12,000 Office utilities 990 Indirect labor 2,200 Repairs on office equipment 180 What is the period costs for June 2019: Select one: Oa. 18,300 Ob. 19,110 Oc. 18,420 O d. None of the answers are correct e. 19,290
Muscat Corporation has the following cost records for June 2019. Indirect factory labor OMR 4,500 Factory utilities OMR 400 Direct materials used 20,000 Depreciation, factory equipment 1,400 Work in process, 6/1/19 3,000 Direct labor 40,000 Work in process, 6/30/19 3,800 Maintenance, factory equipment 1,800 Finished goods, 6/1/19 5,000 Indirect materials 2,200 Finished goods, 6/30/19 7,500 Factory manager's salary 3,000 Office utilities 1,000 Office supplies 2,500 What is the Manufacturing overhead for June 2019.
Bidiyah 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 manufactured is: Select one: a. 1,684,000 b. 1,610,000 Oc. 1,864,000 O d. 410,000 Oe. None of the answers are correct
The following data were taken from the records of Larkspur Company for the fiscal year ended June 30, 2025. Raw Materials Inventory 7/1/24 Raw Materials Inventory 6/30/25 Finished Goods Inventory 7/1/24 Finished Goods Inventory 6/30/25 Work in Process Inventory 7/1/24 Work in Process Inventory 6/30/25 Direct Labor Indirect Labor $57,500 41,500 96,300 22,100 21,300 28.200 142,650 26,760 Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Factory Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $29,900 4,900 17,000 31.100 8,550 561,300. 4,300 65,100 9.610 1,500 99,400 42.100
Bidiyah Sugar Factory had the following data: Jan. 1, 2020 Dec. 31, 2020 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 2020, 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: O a. 1,684,000 O b. None of the answers are correct O c. 1,872,000 O d. 1,610,000 Oe. 1,864,000
Bidiyah Sugar Factory had the following data: Jan. 1, 2020 Dec. 31, 2020 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 2020, 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: Oa. None of the answers are correct O b. 1,684,000 O c. 1,610,000 Od. 1,872,000 O e. 1,864,000
ABS Co. has these data related to production of 30,000 units during March 2021: 3/1/21 3/1/21 Direct materials (DM) P36,000 30,000 Work in process 18,000 12,000 Finished goods 54,000 72,000 Additional information for the March 2021 are as follows:DM purchased P84,000 Factory overhead per DLhour P10.00Freight-out 2,000 Selling expenses 15,000Direct Labor (DL) payroll 60,000 Administrative expenses 17,000DL rate per hour 7.50 For the month of March 2021, conversion cost was:A. P90,000B. P140,000C. P144,000D. P170,000
Help
Muscat Corporation has the follawing cost recards for January 2019. Indirect factory labor 14,300 Factory utilities 10,100 Raw materials purchases 152,500 Factory repairs 12,600 Raw materials inventory 1/1/2019 16,700 Depreciation, factory equipment 9,440 Raw materials inventory, 1/31/19 22,800 Direct labor 175,600 Work in process, 1/1/2019 18,400 Factory insurance 8,360 Work in process, 1/31/19 25,200 Advertising costs 5,000 Finished goods, 1/1/19 5,000 Sales commissions 3,500 Finished goods, 1/31/19 7,500 Cost of shipping 2,500 What is the cost of goods manufacturing for 2019: Select one: O a. 370,000 O b. 376,000 Oc. None of the answers are correct O d. 395,200 O e. 376,800