Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. Information about ABC business is as follows. Inventory accounts at the beginning of the period: First item material inventory: 25.000TL Semi-finished stock 5.000 TL
4. Information about ABC business is as follows. Inventory accounts at the beginning of the period: First item material inventory: 25.000TL Semi-finished stock 5.000 TL Finished stock: 20.000TL January cost information: Production of 1000 A-products started in January and 10.000.TL of first item was withdrawn from the warehouse. The labor costs for January are as follows: Main production expenses, direct labors 8.000TL, indirect labors of production costs 4.000TL Other expenses incurred or calculated in relation to production are as follows. Benefits and services provided from outside 2.000 TL Taxes, duties and fees 1.000 TL At the beginning of the period, 9000 units of 1000 semi-finished products and 10.000 units of A product put into production during the period completed their production and were transferred to the finished goods warehouse. The amount of semi-finished products that have not yet completed their production at the end of the period is 2,000 . The share of these semi-finished products in the cost has been calculated as 6,000TL. During the period, 43.000 TL of products were sold for 50.000TL. a. Edit the cost of sales table. b. Calculate the total and unit cost of products
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started