ABC production company calculates production costs according to the phase cost system. The information of the business for the period of June 2021 is as follows:     According to the information given above, what is the total cost of the period-end semi-finished products for the period?    a) 3,574.000 TL  B) 2,806,000 TL  NS) 110,400 TL  D) 768,000 TL  TO) 456,000 TL

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ABC production company calculates production costs according to the phase cost system. The information of the business for the period of June 2021 is as follows:

 

 

According to the information given above, what is the total cost of the period-end semi-finished products for the period?

 
 a)

3,574.000 TL

 B)

2,806,000 TL

 NS)

110,400 TL

 D)

768,000 TL

 TO)

456,000 TL

8,000 units
D. head y. finished goods stock:
Degrees of Completion 100% in terms of D.I.M.M.
D. end y. finished goods stock:
Completion Degrees: 100% in terms of D.İ.M.M.
6,000 units
D. 50% in terms of labor
D. 60% in terms of labor
G.U.G. 50% in terms of
G.U.G. 50% in terms of
Production started:
25,000 units
23,000 units
completed during the term
Costs of Semi-finished Products at the Beginning of the Period
557.000 TL
203.400 TL
295.600 TL
Costs of Semi-finished Products at the Beginning of the Period
Direct First Material and Material Ex. 1.210.000 TL
Direct Labor Expenses
General Production Expenses
Direct First Material and Material Ex.
Direct Labor Expenses
General Production Expenses
436.000 TL
872.000 TL
Transcribed Image Text:8,000 units D. head y. finished goods stock: Degrees of Completion 100% in terms of D.I.M.M. D. end y. finished goods stock: Completion Degrees: 100% in terms of D.İ.M.M. 6,000 units D. 50% in terms of labor D. 60% in terms of labor G.U.G. 50% in terms of G.U.G. 50% in terms of Production started: 25,000 units 23,000 units completed during the term Costs of Semi-finished Products at the Beginning of the Period 557.000 TL 203.400 TL 295.600 TL Costs of Semi-finished Products at the Beginning of the Period Direct First Material and Material Ex. 1.210.000 TL Direct Labor Expenses General Production Expenses Direct First Material and Material Ex. Direct Labor Expenses General Production Expenses 436.000 TL 872.000 TL
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