Question
The Information bellow has taken from Al Wafa company Wages paid to labour: OMR50,000 Purchases raw material OMR408000 Purchases return: OMR 8000 Factory on cost
The Information bellow has taken from Al Wafa company
Wages paid to labour: OMR50,000
Purchases raw material OMR408000
Purchases return: OMR 8000
Factory on cost : 10% of prime cost
|
| Opening stock (OMR) | Closing stock (OMR) |
| Work in progress | 54,000 | 42,200 |
| Raw materials | 56,000 | 36,000 |
The cost of production of the period is:
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
4th Edition
0132423502, 978-0132423502
