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NOTE: This is one Qs XYZ Co. has provided the following data for the month of June. There were no beginnin inventories, consequently, the direct
NOTE: This is one Qs
XYZ Co. has provided the following data for the month of June. There were no beginnin inventories, consequently, the direct materials, direct labor, and manufacturing overhea listed below are all for the current month. Work In Process Finished Goods Cost of Goods Sold Direct materials OMR 3,440 OMR 8,450 OMR 61,880 Direct labor OMR 6,160 OMR 16,250 OMR 119.000 Manufacturing overhead applied OMR 3,300 OMR 6,050 OMR 45,000 Manufacturing overhead for the month was underapplied by OMR 7,000. The company allocates any underapplied or overapplied manufacturing overhead among w process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The cost of goods sold for June after allocation of any underapplied or overapplied manufac overhead for the month is (rounded to nearest OMR): a. OMR 220,084 O b. None of the given answer is correct OC. OMR 220,720 O d. OMR 232,293 OMR 231,676Step by Step Solution
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