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Doll Furniture gives you the following information for the year ending December 2020. Production 20,000 units Sales 18,000 units There is no opening stock of
Doll Furniture gives you the following information for the year ending December 2020. | |
Production | 20,000 units |
Sales | 18,000 units |
There is no opening stock of goods | |
Direct material per unit | OMR 2 |
Variable factory overheads | OMR 80,000 |
Fixed factory overheads | OMR 40,000 |
Variable selling overheads per unit | OMR 0.400 |
Fixed selling overheads | OMR 9,000 |
Selling price per unit | OMR 12 |
Find the value of closing stock under absorption costing method:
a OMR 13,000
b OMR 16,000
c OMR 14,000
d OMR 15,000
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