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2 - A ) Mirbat Company produces and sells car cleaning machines, it has only one type of product, CW 8 8 . The production

2-A) Mirbat Company produces and sells car cleaning machines, it has only one type of product, CW88. The production costs of the machine includes direct material of 22 OMR, direct labour of 13 OMR, and overhead of 9 OMR, all calculated per unit. The company's facilities are used only for production, and it rents a warehouse to store finished goods. The accounting department calculated the cost of storage as 3 OMR per unit. The selling price per unit is 55OMR and the company must pay 4OMR per unit as the commission to the outlets selling the product. Recently, due to increase competition in the market, the selling price has decreased to 39 OMR. The company has no control over price and commission. The company is not able to reduce any of the production costs due to quality requirements.
As 30 September 2023, the physical inventory count shows the ending inventory of finished goods consisted of 1850 units. Calculate the amount of finished goods inventory to be reported on the balance sheet as of 30 September 2023.
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