Prime cost is 236000 OMR, cost of production for the year is 258420OMR Opening stock of work in progress is 12000, and closing stock ofWork in progress is 11750 OMR, Opening stock of finished goods is12000, and closing stock of finished goods is 13750 OMR, Cost of goodsmanufactured 286000 OMR Calculate unit production cost if totalmanufacturing units was 3000Select one:O a. 83.800 OMR per unitO b. None of TheseO c. 86.140 OMR per unitO d. 81.50 OMRperunitNext pageIs page

Unit product cost = Cost of goods manufactured / Nos of units produced = 286,000 / 3000 = OMR 95.33…

Answered: AR Opening stock of wo prk in progress…

Business

Accounting

AR Opening stock of wo prk in progress is 11750 000, and closing stock c

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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Question

Prime cost is 236000 OMR, cost of production for the year is 258420
OMR Opening stock of work in progress is 12000, and closing stock of
Work in progress is 11750 OMR, Opening stock of finished goods is
12000, and closing stock of finished goods is 13750 OMR, Cost of goods
manufactured 286000 OMR Calculate unit production cost if total
manufacturing units was 3000
Select one:
O a. 83.800 OMR per unit
O b. None of These
O c. 86.140 OMR per unit
O d. 81.50 OMR
per
unit
Next page
Is page

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