FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Muscat Company's accounting records reflect the following inventories:
Dec. 31, 2020,
Jan. 1, 2020
Raw materials inventory
OMR 310,000
OMR 300,000
Work in process inventory
300,000
160,000
Finished goods inventory
190,000
150,000
During 2020, COMR 800,000 of raw materials were purchased, direct labor costs amounted to OMR 670,000, and manufacturing
overhead incurred was OMR 640,000. How much is the total manufacturing costs for 2020?
Select one:
O a. OMR 2,100,000.
Ob. OMR 2,060,000.
O c. None of the answers are correct
O d. OMR 2,110,000.
O e. OMR 2,020,000.
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Transcribed Image Text:Muscat Company's accounting records reflect the following inventories: Dec. 31, 2020, Jan. 1, 2020 Raw materials inventory OMR 310,000 OMR 300,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2020, COMR 800,000 of raw materials were purchased, direct labor costs amounted to OMR 670,000, and manufacturing overhead incurred was OMR 640,000. How much is the total manufacturing costs for 2020? Select one: O a. OMR 2,100,000. Ob. OMR 2,060,000. O c. None of the answers are correct O d. OMR 2,110,000. O e. OMR 2,020,000.
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