Wadi Nam Company had the following information: beginning work in process inventory, OMR 180,000; cost of goods manufactured, OMR 866,000; beginning finished goods inventory, OMR 252,000; ending work in process inventory, OMR 220,000; and ending finished goods inventory, OMR 264,000. Wadi Nam Company's cost of goods sold for the year is: Select one: O a. OMR 662,000. b. None of the answers are correct c. OMR 807,000. d. OMR 804,000. e. OMR 896,000.

Wadi Nam Company had the following information: beginning work in process inventory, OMR 180,000; cost of goods manufactured, OMR 866,000; beginning finished goods inventory, OMR 252,000; ending work in process inventory, OMR 220,000; and ending finished goods inventory, OMR 264,000. Wadi Nam Company's cost of goods sold for the year is: Select one: O a. OMR 662,000. b. None of the answers are correct c. OMR 807,000. d. OMR 804,000. e. OMR 896,000.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 6EA: There were 2,400 units in ending work in process inventory that were 100% complete with regard to...

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