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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
A Mirbat Company produces and sells car cleaning machines, it has only one type of product, CW The production costs of the machine includes direct material of OMR, direct labour of OMR, and overhead of 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 OMR per unit. The selling price per unit is OMR and the company must pay OMR 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 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 September the physical inventory count shows the ending inventory of finished goods consisted of units. Calculate the amount of finished goods inventory to be reported on the balance sheet as of September
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