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lcard044 lcard044
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A year ago

The accounting records of Omar Corporation contained the following information for last year:

BeginningEnding
Direct materials inventory$ 9,000$ 7,000
Work in process inventory$17,000$31,000
Finished goods inventory$10,000$15,000

Manufacturing Costs Incurred
Direct materials used$72,000
Overhead applied$24,000
Direct labor cost (10,000 hours)$80,000
Depreciation$10,000
Rent$12,000
Taxes$ 8,000
Unadjusted cost of goods sold (does not include overapplied or underapplied overhead)$157,000

Selling, General, and Administrative Costs Incurred
Advertising$35,000
Rent$20,000
Clerical$25,000

The amount of direct material purchased during the year was:



▸ $66,000

▸ $70,000

▸ $65,000

▸ $74,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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DPhoenixDPhoenix
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