The total costs added to Work in Process during the year were


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The total costs added to Work in Process during the year were 1 answer below » The accounting records of Omar Company contained the following information for last year: View complete question » Beginning Ending Direct materials inventory $9,000 $7,000 Work in process inventory $17,000 $31,000 Finished goods inventory $10,000 $15,000 Manufacturing costs incurred Direct materials used $72,000 Overhead applied $24,000 Direct labor cost (10,000 hours) $80,000 Depreciation $10,000 Rent $12,000 Taxes $8,000 The accounting records of Omar Company contained the following information for last year: Beginning Ending Direct materials inventory $9,000 $7,000 Work in process inventory $17,000 $31,000 Finished goods inventory $10,000 $15,000 Manufacturing costs incurred Direct materials used $72,000 Overhead applied $24,000 Direct labor cost (10,000 hours) $80,000 Depreciation $10,000 Rent $12,000 Taxes $8,000 Cost of goods sold $157,000* Selling and administrative costs incurred Advertising $35,000 Rent $20,000 Clerical $25,000 The total costs added to Work in Process during the year were: A) $206,000 B) $162,000 C) $176,000 D) $182,000 View less » Jul 08 2014 12:34 PM

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