Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in progress is 4000, and closing stock of Work in progress is 5000 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 13750 OMR, Cost of goods manufactured 358500 OMR Calculate cost of goods available for sale

Q: Vaughn Manufacturing's accounting records reflect the following inventories: 12/31/2020 12/31/2019…

A: Cost of goods sold =Cost of goods  Manufacturing + Beginning finished goods inventory - Ending…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Manufacturing cost is related to production of goods in the factory. It includes all direct material…

Q: Estimated sales of a product is 25000 units. Two kinds of raw materials A and B are required for…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Cost of goods available for sale  = Opening stock of finished goods + Cost of goods manufactured

Q: The cost data relating to units of production for the year ending 31st December 2020 are as follows:…

A: Material cost per unit = £60,00020,000 units  = £ 3 per unit  Subcontracted labour cost per unit =…

Q: The following information has been taken from the Visic company’s production, sales & cost…

A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be…

Q: The beginning and ending finished goods inventories of the Prize Ring manufacturing company were…

A: Introduction: Costs of goods are the expenses immediately linked to the manufacture of a company's…

Q: Estimated sales of a product is 25000 units. Two kinds of raw materials A and B are required for…

A: The profitability status of the company can be known by the users from the financial statements…

Q: If the beginning finished goods -9 inventory 90 000 ID, ending finished goods inventory 65 000 ID ,…

A: The Numerical has covered the Concept of Cost of Goods Sold. The Cost of Goods sold refers the…

Q: The Information bellow has taken from Al Wafa company wages paid to labour: OMR85,000, Purchases raw…

A: The term Cost of Goods Manufactured (COGM) refers to a schedule or statement that represents the…

Q: Barton Company has beginning work in process inventory of $144,000 and total manufacturing costs of…

A: Cost of goods manufactured means the cost incurred for manufacturing the finished product.

Q: Cost of goods soldPine Creek Company completed 200,000 units during the year at a cost of$3,000,000.…

A: FIFO is first in first out inventory flow which says that inventories which are purchased or…

Q: If the beginning finished goods -9 inventory 90 000 ID, ending finished goods inventory 65 000 ID ,…

A: As per the policy, we are supposed to solve one question at a time, Kindly repost the further…

Q: A firm had beginning finished goods inventory of 15,000; ending finished goods inventory of 20,000;…

A: Cost of goods manufactured = Cost of goods sold + Ending finished goods inventory - Beginning…

Q: Opening stock of work in progress is 7500, and closing stock of Work in progress is 10000…

A: Costs of production is the total costs incurred for the manufacturing and production of goods. It…

Q: Cost of Production 238600 Opening stock of WIP 44400 Opening stock of FG…

A: The manufacturing industries need to have a production process. All the costs relating to production…

Q: The Information bellow has taken from Al Wafa company wages paid to labour: OMR85,000, Purchases raw…

A: Cost of goods manufactured in the business shows total costs incurred on the production and…

Q: 751 The company manufactures a single product; during the current year, 45,000 units were manufac-…

A: a. Cost of finished goods manufactured: $1,350,000. b. Average unit cost per unit: $30. c. Cost of…

Q: For item 50 The information below is taken from the records of Pure Miguel Company at the end of the…

A: The details are provided by the company regarding for the current year Required  What is the correct…

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Unit production cost means how much cost has been incurred on production and manufacturing of a…

Q: EM Manufacturing Co’s material purchases for June 2020 amounted to 110000 and its cost of goods sold…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Raw Material Consumed is 25000 OMR, Prime cost is 338000 OMR, Cost of Production is 471800 OMR, cost…

A: Cost of goods available for sale means the cost of opening finished goods and total cost of goods…

Q: Prime cost is 86000 OMR, Cost of production 84600 OMR, Opening stock of work in progress is 20000,…

A: Formula: unit production cost = Total Cost of production / Manufacturing units

Q: Prime cost is 236000 OMR, and cost of production for the year is 258420 OMR Opening stock of work in…

A: Cost of goods available for sale = Cost if goods manufactured + Opening stock of finished goods

Q: A company uses 19325 units of a product per month. The ordering cost for the same is RO 95 and the…

A: Ordering costs can be defined as the costs that is incurred on placing an order every time from the…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Given that, Prime cost is 236000 OMR cost of production for the year is 298420 OMR Opening stock of…

Q: Estimated sales of a product is 25000 units. Two kinds of raw materials P and Q are required for…

A:

Q: Raw Material Consumed is 255000 OMR, Direct labor is 28000 OMR, Direct expenses is 38000 OMR,…

A: Cost of production = Raw Material Consumed + Direct labor + Overhead Cost + Opening stock of work in…

Q: Estimated sales of a product is 25000 units. Two kinds of raw materials A and B are required for…

A: Direct cost: It is the cost that can be traced directly on the production process.

Q: f the beginning finished goods inventory 250 000 ID , prime cost 250 000 ID , ending finished goods…

A: Introduction:- Cost of goods sold means all “direct cost” incurred in the production of any goods or…

Q: Determine the cost of goods manufactured? (Answer in 3 decimal places. No long explanation needed.…

A: Solution..       Cost of goods manufactured  = Beginning work in process inventory + cost of goods…

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Cost of goods sold  = Opening stock of finished goods + Cost of goods manufactured - Closing stock…

Q: If the beginning finished goods inventory 250 000 ID. prime cost 250 000 ID, ending finished goods…

A: The cost of goods sold, additionally alluded to as the expense of deals or cost of administrations,…

Q: Cavy Company completed 10,510 units during the year at a cost of $746,210. The beginning finished…

A:

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: The maximum amount of goods, or inventory, that a corporation can sell during an accounting period…

Q: cost of production

A: Cost of production  is the expenses incurred to produce the products of an entity.

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Cost of production means total costs incurred for production and manufacturing of goods. It includes…

Q: Opening stock of Raw material is 20000 OMR, Prime cost is 86000 OMR, and Factory overheads are 10 %…

A: SOLUTION- COST OF GOOD SOLD  IS THE SUM TOTAL OF MANUFACTURING COSTS INCURRED TO PRODUCE THOSE…

Q: According to the information given in the table below, which of the following is Cost of Production?…

A: The cost of production includes the raw materials, wages and Factory overhead.

Q: From the following particulars calculate prime cost, works cost, cost of production, cost of sales…

A: A cost sheet allocates the total cost of a product into different categories: direct material…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Formula: Cost of goods available for sale = Beginning finished goods + cost of goods manufactured.

Q: Indirect factory labor is 55000 OMR Raw Material Consumed is 55000 OMR, Direct labor is 28000 OMR,…

A: The cost of production means the total cost of goods manufactured during the period. It includes…

Q: salarıes of P80,000. The total factory utilities expense incurred for the period was P360,000,…

A: The work in process includes the cost of goods that were started during previous year but are not…

Q: Prime cost, P301,000 Gross Profit, P100,000 or 20% of sales Cost of Goods Available for Sale,…

A:

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Prime costs are direct costs that includes the cost of direct material and direct labor involved in…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.