Sohar Company's accounting records reflect the following inventories: Items Jan. 1, 2019 Dec. 31, 2019 Raw materials inventory OMR 260,000 OMR 310,000 Work in process inventory 160,000 300,000 Finished goods inventory 150,000 190,000 During 2019, OMR 800,000 of raw materials were purchased, direct labor costs amounted to OMR 670,000, and manufacturing overhead incurred was OMR 740,00 What is the direct Materials used for 2019:

Sohar Company's accounting records reflect the following inventories: Items Jan. 1, 2019 Dec. 31, 2019 Raw materials inventory OMR 260,000 OMR 310,000 Work in process inventory 160,000 300,000 Finished goods inventory 150,000 190,000 During 2019, OMR 800,000 of raw materials were purchased, direct labor costs amounted to OMR 670,000, and manufacturing overhead incurred was OMR 740,00 What is the direct Materials used for 2019:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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What are the total costs to account for if a companys beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?
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