Question
A process yields 60% of input as main product and 30% as by-product. 10,000 units were given as input at a cost of OMR 18,000.
A process yields 60% of input as main product and 30% as by-product. 10,000 units were given as input at a cost of OMR 18,000. Other charges incurred are OMR 3,000. Calculate cost of the main product.
a.
OMR 21,000
b.
OMR 3,000
c.
OMR 7,000
d.
OMR 14,000
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Shelly Herbert
5th Edition
0190746920, 978-0190746926
