8) Direct Raw Material and Material stock movements for the March 2021 period of the KLM company, which produces finished products, are as follows. 01.03.2021        ---                  ---                 --- 03.03.2021        40.-₺/kg      25 kg            Purchase 09.03.2021        50.-₺/kg      20 kg            Purchase 12.03.2021                            30 kg            Sent to production 15.03.2021                            10 kg            Sent to production Desired: Calculate the Direct First Material and Material Expenses of the company that monitors its stocks according to the LIFO (Last In, First Out) Method, on the dates 12.03. A. 12.03.2021 = 1.400.-₺ ; 15.03.2021 = 400.-₺ B. 12.03.2021 = 1.600.-₺ ; 15.03.2021 = 100.-₺ C. 12.03.2021 = 1.300.-₺ ; 15.03.2021 = 300.-₺ D. 12.03.2021 = 1.400.-₺ ; 15.03.2021 = 500.-₺ E. 12.03.2021 = 1.500.-₺ ; 15.03.2021 = 200.-₺ F. 12.03.2021 = 1.300.-₺ ; 15.03.2021 = 400.-₺

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.