Q1: The beginning inventories for December are as follows: Inventories Quantity Unit Cost Total Cost Raw Material and Other Supplies 17.100 Raw Material 900 m 16,778 TL 15.100 Auxiliary Equipment 250 unit 10 TL 2.500 Work-in Process 75 unit 224,667 TL 16.850 Finished Goods 420 unit 240 100.800 The economic events occurred in December are stated below: Company purchased 1.600 m of raw material at a 20 TL unit price. Company paid 3.200 TL transportation and insurance cost. 150 m3 of raw material was returned due to not being in requested quality. 1800 m of raw material was issued to production cost center. 35.000 TL normal wages and 2.500 TL social benefits was paid. Other factory overheads including utility, depreciation and factory building rent was 26.500 TL. In December Company has manufactured 400 unit of product and finished 380 unit in current period. Required: a) Compute the total and average unit cost of raw material and ascertain the direct material cost. b) Ascertain total and average unit cost of the current period's production. c) Compute the total and average unit cost of working in progress and finished goods