A company manufactured 1000 units of a product during the year and sold 850 units. Costs incurred during the current year are as follows: Direct materials and direct labour OMR 10000, other production overheads OMR 5000, and advertising OMR 3000. What amount should be reported as inventory in the company's year-end balance sheet? a. 15000. b. 3000. c. 2250. d. 1500.

Principles of Accounting Volume 2
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Chapter5: Process Costing
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Problem 3EB: A company has 100 units in ending work in process that are 40% complete after transferring out 750...
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A company manufactured 1000 units of a product during the year and sold 850 units. Costs incurred during the current year are as follows: Direct materials and direct labour OMR 10000, other production overheads OMR 5000, and advertising OMR 3000. What amount should be reported as inventory in the company's year-end balance sheet?

a. 15000.

b. 3000.

c. 2250.

d. 1500.

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