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Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 80,000 Manufacturing overhead Actual OMR 85,000 Indirect materials OMR Compute the adjusted cost of goods sold. a. OMR 252,000 O b. OMR 258,000 Oc. OMR 257,000 Od. OMR 247,000 O e. None of the given answer is correct

Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 80,000 Manufacturing overhead Actual OMR 85,000 Indirect materials OMR Compute the adjusted cost of goods sold. a. OMR 252,000 O b. OMR 258,000 Oc. OMR 257,000 Od. OMR 247,000 O e. None of the given answer is correct

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Look to the two tables to answer the question
cion XYZ Co. has the following information: Inventory at 1st Jan 2020 Inventory at 31st Dec 2020 ut of Raw Materials OMR 20,000 OMR Inventory 30,000 Work in Process Inventory OMR 15,000 OMR 18,000 Finished Goods OMR 30,000 OMR Inventory 20,000
Transcribed Image Text:cion XYZ Co. has the following information: Inventory at 1st Jan 2020 Inventory at 31st Dec 2020 ut of Raw Materials OMR 20,000 OMR Inventory 30,000 Work in Process Inventory OMR 15,000 OMR 18,000 Finished Goods OMR 30,000 OMR Inventory 20,000
Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 80,000 Manufacturing overhead Actual OMR 85,000 Indirect materials OMR Compute the adjusted cost of goods sold. a. OMR 252,000 O b. OMR 258,000 Oc. OMR 257,000 Od. OMR 247,000 e. None of the given answer is correct
Transcribed Image Text:Raw materials purchases OMR 100,000 Direct labor OMR 75,000 Manufacturing overhead applied OMR 80,000 Manufacturing overhead Actual OMR 85,000 Indirect materials OMR Compute the adjusted cost of goods sold. a. OMR 252,000 O b. OMR 258,000 Oc. OMR 257,000 Od. OMR 247,000 e. None of the given answer is correct
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