Title: The accounting records of Omar Corporation contained the following information for last ...
Post by: annyan on Mar 30, 2023
The accounting records of Omar Corporation contained the following information for last year: | Beginning | Ending |
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Direct materials inventory | $ 9,000 | $ 7,000 |
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Work in process inventory | $17,000 | $31,000 |
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Finished goods inventory | $10,000 | $15,000 |
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| Manufacturing Costs Incurred |
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Direct materials used | $ 72,000 |
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Overhead applied | $ 24,000 |
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Direct labor cost (10,000 hours) | $ 80,000 |
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Depreciation | $ 10,000 |
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Rent | $ 12,000 |
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Taxes | $ 8,000 |
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Unadjusted cost of goods sold (does not include overapplied or underapplied overhead) | $157,000 |
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| Selling, General, and Administrative Costs Incurred |
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Advertising | $ 35,000 |
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Rent | $ 20,000 |
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Clerical | $ 25,000 |
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The cost of goods manufactured for the year was: ▸ $190,000 ▸ $162,000 ▸ $168,000 ▸ $135,000
Title: Re: The accounting records of Omar Corporation contained the following information for last ...
Post by: lampard on Mar 30, 2023
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