HOMEWORK: raw material movements for the month of May, a company engaged in the production of raw materials using the H2022 is given below. (All raw materials were purchased with cash payments.) DATEEXPLANATION01 May05 May purchasing10 Mayseasonal stockgiven to production(consumption)QUANTITY200 kg300 kg400 kgUNIT PRICE AMOUNT COST150 TL/kg30.000 TL180 TL/kg54.000 TL??

Raw material means the material that is used to produce the finished goods. Raw material include all…

Answered: DATE 01 May 05 May 10 May EXPLANATION…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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HOMEWORK: raw material movements for the month of May, a company engaged in the production of raw materials using the H2022 is given below. (All raw materials were purchased with cash payments.)

DATE
EXPLANATION
01 May
05 May purchasing
10 May
seasonal stock
given to production
(consumption)
QUANTITY
200 kg
300 kg
400 kg
UNIT PRICE AMOUNT COST
150 TL/kg
30.000 TL
180 TL/kg
54.000 TL
?
?

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SUBMISSION: In May, the cost of raw materials sent to the production and dönemsonu stock remaining in raw material costs to a) First In First Out Method b) Last-In-First-Out Method c) by moving weighted average cost method to calculate separately

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