14 -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)648,000 TL B)360.000 TL NS)96,000 TL D)1.870.000 TL TO)192.000 TL Production started : 25,000 unitsCompleted and transferred : 17,000 units8,000 unitsD.I.M.M. in terms of 90%Cnd of period stock of semi-finishea. 60% in terms of laborproducts:Completion Degrees:G.U.G. in terms of 60%June Production ExpensesDirect First Material and Material ExpensesDirect Labor Expenses1.210.000 TL436.000 TLGeneral Production Expenses872.000 TL

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Description: 14 -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-en

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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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14 -

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)	648,000 TL

B)	360.000 TL

NS)

96,000 TL

D)	1.870.000 TL

TO)	192.000 TL

Production started : 25,000 units
Completed and transferred : 17,000 units
8,000 units
D.I.M.M. in terms of 90%
Cnd of period stock of semi-finishea. 60% in terms of labor
products:
Completion Degrees:
G.U.G. in terms of 60%
June Production Expenses
Direct First Material and Material Expenses
Direct Labor Expenses
1.210.000 TL
436.000 TL
General Production Expenses
872.000 TL

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