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 Cost of Goods Sold Finished Goods Process 61,880 OMR 8,450 OMR 3,440 OMR Direct materials 119,000 OMR 16,250 OMR 6,160 OMR Direct labor Manufacturing 45,650 OMR 6,500 OMR 3,300 OMR overhead applied „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) OMR 220.084 a O None of the given answer is correct b O OMR 220.720 OMR 231.676 OMR 232,293 e O

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 Cost of Goods Sold Finished Goods Process 61,880 OMR 8,450 OMR 3,440 OMR Direct materials 119,000 OMR 16,250 OMR 6,160 OMR Direct labor Manufacturing 45,650 OMR 6,500 OMR 3,300 OMR overhead applied „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) OMR 220.084 a O None of the given answer is correct b O OMR 220.720 OMR 231.676 OMR 232,293 e O

Name: XYZ Co. has provided the following data for the month of June. There
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Description: XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the directmaterials, direct labor, and manufacturing overhead applied listed below are all for the current monthJasWork InCost of Goods

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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