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pleeease Exercise 2: Calculate Cost of Production and Cost of Goods Manufacturing from the following particulars for Salalah Enterprises: Opening Stock Raw Materials OMR 80000.
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Exercise 2: Calculate Cost of Production and Cost of Goods Manufacturing from the following particulars for Salalah Enterprises: Opening Stock Raw Materials OMR 80000. Raw Material Purchased OMR 930000 Freight in OMR 3000 Factory Overhead on cost 20% of Direct Wages. Opening Stock Work in Progress OMR 15000. Closing Stock Raw Material OMR 28000. Purchase Returns Raw Material OMR 1000. Direct Wages OMR 75000 Closing Stock Finished Goods OMR 10000 Exercise 2: Calculate Cost of Production and Cost of Goods Manufacturing from the following particulars for Salalah Enterprises: Opening Stock Raw Materials OMR 80000. Raw Material Purchased OMR 930000 Freight in OMR 3000 Factory Overhead on cost 20% of Direct Wages. Opening Stock Work in Progress OMR 15000. Closing Stock Raw Material OMR 28000. Purchase Returns Raw Material OMR 1000. Direct Wages OMR 75000 Closing Stock Finished Goods OMR 10000Step by Step Solution
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