Reference no: EM132561681
The quantity movements of the X entity for a period are as follows. Chronologically
- 80 units 120 TL return per period
- 40 units were purchased from 130 TL
- 50 units were sent to production
- 30 units were purchased from 140 TL
- 40 units were purchased from 140 TL
- 100 units were sent to production
In the relevant period, direct labor expense was 8,000 TL, 4,000 direct labor hours were worked, general production expense shipment rate is 3.30 TL / D.L.H.
Question 1: Calculate the cost of manufactured products using the FIFO method. Show the quantity movements on the inventory card.