manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The cost of goods sold for June after allocation of any underapplied or overapplied manufacturing overhead for the month is (rounded to nearest OMR) : O a. OMR 220,720 O b. OMR 220,084 c. C c. OMR 231,676 O d. OMR 232,293 O e. None of the given answer is correct

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please use the information given to answer the question
XYZ Co. has provided the following data for the month
of June. There were no beginning inventories;
consequently, the direct materials, direct labor, and
manufacturing overhead applied listed below are all for
the current month.
Work In
Process Finished Goods
Cost of Goods
Sold
Direct
materials
OMR 3,440OMR 8.450 OMR 61,880
Direct labor
OMR 6,1600MR 16.250 OMR 119,000
Manufacturing
overhead
applied
OMR 3,300OMR 6,050 OMR 45.000
Manufacturing overhead for the month was
underapplied by OMR 7,000.
Transcribed Image Text:XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Direct materials OMR 3,440OMR 8.450 OMR 61,880 Direct labor OMR 6,1600MR 16.250 OMR 119,000 Manufacturing overhead applied OMR 3,300OMR 6,050 OMR 45.000 Manufacturing overhead for the month was underapplied by OMR 7,000.
The company allocates any underapplied or overapplied
manufacturing overhead among work in process,
finished goods, and cost of goods sold at the end of the
month on the basis of the manufacturing overhead
applied during the month in those accounts.
The cost of goods sold for June after allocation of any
underapplied or overapplied manufacturing overhead
for the month is (rounded to nearest OMR):
O a. OMR 220,720
O b. OMR 220,084
O c. OMR 231,676
d. OMR 232,293
e,
None of the given answer is correct
Transcribed Image Text:The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The cost of goods sold for June after allocation of any underapplied or overapplied manufacturing overhead for the month is (rounded to nearest OMR): O a. OMR 220,720 O b. OMR 220,084 O c. OMR 231,676 d. OMR 232,293 e, None of the given answer is correct
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