Inventory at 15t Inventory at 31sDec 2020 Jan 2020 35,000 OMR 20,000 OMR Raw Materials Inventory 18,000 OMR 15,000 OMR Work in Process Inventory 20,000 OMR 30,000 OMR Finished Goods Inventory Additional information for the year is as follows 100,000 OMR Raw materials purchases 75,000 OMR Direct labor 85,000 OMR Manufacturing overhead applied 80,000 OMR Manufacturing overhead Actual OMR Indirect materials Compute the adjusted cost of goods sold OMR 252,00O OMR 247.00o OMR 257,000 OMR 258,000 None of the given answeris correct

Make a system for recording the cost of raw materials using the complete Periodic method.

Zelbra Company adopts absorption costing and has the following balances  (before year-end adjustments) as at the year ended December 31, 2021.Direct Raw Materials $120,000 DrWIP Inventory 250,000 DrFinished Goods Inventory 176,000 DrCost of Goods Sold 245,000 DrAdditional information is as follows:Cost of direct raw materials purchased during 2021 $198,000Cost of direct raw materials requisitionedduring 2021 176,000Cost of goods manufactured during 2021  372,000For the year 2021, Zelbra Company budgets manufacturing overhead costs to be $251,000 and direct labour hours to be 15,000: these estimates are based on the Company operating at normal capacity. In 2021 actual manufacuring overhead costs $298,500 and the actual direct labour hours were 16,500. Direct labour hours are charged at the rate of $10 per hour. Direct labour hours is used for allocating manufacuting overhead costs. Assume there are no price or efficiency variables for direct labour and direct materials. All…

E4-5A Equivalent Units and Product Cost Report--Weighted Average Method   The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month of June 2019;                                                 Beginning inventory (700 units, 40% complete)                     Direct materials    $                             2,905                   Conversion costs    $                             7,942                   Current period                       Direct materials (5,000 units)   35,000                   Direct labor   59,600                   Manufacturing overhead applied   37,800                                               Joyner used the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 900 units, 70% complete. Compute the following:…

Beginning Raw Materials Inventory: 45,000 Ending Raw Materials Inventory: 65,000 Raw Materials Used: 90,000 What would be the materials purchased for the period? You can use your BASE Accounts if that helps.