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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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