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. Finished Work In Process Goods Cost of Goods Sold Direct materials OMR 3,440 OMR 8,450 OMR 61,880 Direct labor OMR 6,160 OMR 16,25OOMR 119,000 Manufacturing overhead applied OMR 3,300 OMR 6,050 OMR 45,000 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): O a. OMR 231,676 O b. OMR 220,720 C. OMR 220,084 O d. None of the given answer is correct OMR 232 293

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 4PA: During March, the following costs were charged to the manufacturing department: $14886 for...
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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.
Finished
Work In Process
Goods
Cost of Goods Sold
Direct materials
OMR 3,440
OMR 8,450 OMR
61,880
Direct labor
OMR 6,160
OMR 16,25OOMR
119,000
Manufacturing
overhead applied
OMR 3,300
OMR 6,050 OMR
45,000
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):
O a.
OMR 231,676
O b. OMR 220,720
С.
OMR 220,084
d. None of the given answer is correct
OMR 232 293
Transcribed Image Text: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. Finished Work In Process Goods Cost of Goods Sold Direct materials OMR 3,440 OMR 8,450 OMR 61,880 Direct labor OMR 6,160 OMR 16,25OOMR 119,000 Manufacturing overhead applied OMR 3,300 OMR 6,050 OMR 45,000 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): O a. OMR 231,676 O b. OMR 220,720 С. OMR 220,084 d. None of the given answer is correct OMR 232 293
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