XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month Work In Cost of Goods Sold Finished Goods Process 61,880 OMR 8,450 OMR 3,440 OMR Direct materials 119,000 OMR 16,250 OMR 6,160 OMR Direct labor Manufacturing 45,650 OMR 6,500 OMR 3,300 OMR overhead applied „Manufacturing overhead for the month was underapplied by OMR 7,000 The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, 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 220.084 a O None of the given answer is correct b O OMR 220.720 OMR 231.676 OMR 232,293 e O

XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month Work In Cost of Goods Sold Finished Goods Process 61,880 OMR 8,450 OMR 3,440 OMR Direct materials 119,000 OMR 16,250 OMR 6,160 OMR Direct labor Manufacturing 45,650 OMR 6,500 OMR 3,300 OMR overhead applied „Manufacturing overhead for the month was underapplied by OMR 7,000 The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, 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 220.084 a O None of the given answer is correct b O OMR 220.720 OMR 231.676 OMR 232,293 e O

Name: XYZ Co. has provided the following data for the month of June. There
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Description: XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the directmaterials, direct labor, and manufacturing overhead applied listed below are all for the current monthJasWork InCost of Goods

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 15E: The books of Petry Products Co. revealed that the following general journal entry had been made at...

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During March, the following costs were charged to the manufacturing department: $14886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead. The records show that 30,680 units were completed and transferred, while 2,400 remained in ending inventory. There were 33,080 equivalent units of material and 31,640 of conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work in process inventory?
Selected information concerning the operations of a company for the year ended December 31 is as follows: Work in process inventories at the beginning and end of the year were zero. Beginning inventory of finished goods was 9,650 (for 1,000 units). Cost of goods sold was 174,600. What was the companys finished goods inventory cost at December 31? a. 98,050 b. 29,100 c. 29,050 d. 40,600
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