Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
annyan annyan
wrote...
Go to Answer
Posts: 141
Rep: 0 0
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 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
Authors:
Read 43 times
1 Reply
Replies
Answer verified by a subject expert
lampardlampard
wrote...
#1
Posts: 123
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

annyan Author
wrote...

A year ago
Thank you, thank you, thank you!
Fleury
wrote...

Yesterday
Smart ... Thanks!
kaytee23
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1398 People Browsing
 105 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 928
  
 2304
  
 477
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: Who will win the 2024 president election?