FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
Jas
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
overhead applied
45,650
OMR 6,500 OMR
3,300 OMR
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
OMR 220,720
OMR 231.676
OMR 232,293
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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 Jas 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 overhead applied 45,650 OMR 6,500 OMR 3,300 OMR 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 OMR 220,720 OMR 231.676 OMR 232,293
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