Cost of Goods Sold Finished Goods Process 61,880 OMR 8,450 OMR3,440 OMR Direct materials Direct labor 119,000 OMR 16,250 OMR6,160 OMR Manufacturing overhead applied 45,000 OMR 6,050 OMR3,300 OMR .Manufacturing overhead for the month was overapplied by OMR 7,000 The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goɔds, 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 220,720 .a O OMR 231,676 b O OMR 220,084 .C OMR 232,293 .d

Cost of Goods Sold Finished Goods Process 61,880 OMR 8,450 OMR3,440 OMR Direct materials Direct labor 119,000 OMR 16,250 OMR6,160 OMR Manufacturing overhead applied 45,000 OMR 6,050 OMR3,300 OMR .Manufacturing overhead for the month was overapplied by OMR 7,000 The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goɔds, 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 220,720 .a O OMR 231,676 b O OMR 220,084 .C OMR 232,293 .d

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter1: Introduction To Cost Accounting

Section: Chapter Questions

Problem 8P: OReilly Manufacturing Co.s cost of goods sold for the month ended July 31 was 345,000. The ending...

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SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials. Work in process, January 1 77,000 Materials inventory, January 1 31,000 Materials purchases 35,000 Materials inventory, December 31 26,000 Direct labor 48,000 Overhead 20,000 Work in process, December 31 62,000
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