Question 22 Not yet answered Marked out of 2.00 P Flag question The finished-goods inventory at the end of July was OMR 38,000. The beginning finished-goods inventory was OMR 52,000. and the cost of goods sold during the month was OMR 160,000. The cost of goods manufactured during July was: Select one: O a. 174,000 Ob. 70,000 OC 146,000 d. 250,000 Question 23 Not yet answered Marked out of 2.00 Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively, what were the firm's budgeted collections for June? P Flag question Select one: O a OMR 65,000 O b. OMR 81,000 O c. OMR 75,000 O d. OMR 90,000 Question 24 Not yet answered Term of cost accounting that represents the combination of direct labor costs and manufacturing overhead costs Marked out of 2.00 P Flag question Select one: O a. Conversion costs O b. Prime costs O c. Period costs O d. Product costs Next page Previous page