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During November at ABC Company, OMR83,000 of raw materials were requisitioned from the storeroom and used in production. These raw materials included both direct and
During November at ABC Company, OMR83,000 of raw materials were requisitioned from the storeroom and used in production. These raw materials included both direct and indirect materials. The indirect materials totaled OMR4,000. The journal entry to record the material requisition from the storeroom would include a Select one a. Credit to manufacturing overhead of OMR5,000 b. Debit to raw materials of OMR73,000 O None of the answers given Od Debit to manufacturing overhead of OMR5.000 O e Debit to work in process of OMR73.000 Of Credit to work in process of OMR68,000 XY2 Company uses normal cesting. Following are various cost and inventory data for the just completed year Sales revenue OMR390,000, Adjusted gross profit OMR175.000: Selling and admin expenses OMR 145,000 Overapplied overhead OMR15.000: Prime costs OMR 155.000 Work in process inventory has increased by OMR10,000: Finished goods inventory has decreased by OMR20,000. How much is the manufacturing overhead costs applied to work in process during the year? Select one a.OMR50,000 b. OMR65,000 O OMR55.000 Od OMR75,000 e. None of the answers given
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