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Calculate the cost of manufactured products

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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.

Reference no: EM132561681

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