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annyan annyan
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2 months 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 cost of goods manufactured for the year was:



▸ $190,000

▸ $162,000

▸ $168,000

▸ $135,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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lampardlampard
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$162,000
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annyan Author
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2 months ago
Helped a lot
jodie1
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Yesterday
Thanks for your help!!
novae
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2 hours ago
Brilliant ツ
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