Q4: Q4: A company manufactures imitation leather. The cost of 300 m. of beginning work-in- progress is 200.000 TL. The cost of the current period for 700 m. is 350.000 TL. The company finished 250 m of leather in the current period, and the completion percentage of beginning work-in-progress is %40, and ending work-in-progress is 60% for all cost components. Compute the total cost of ending work-in-progress and finished goods.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Q4: A company manufactures imitation leather. The cost of 300 m. of beginning work-in-
progress is 200.000 TL. The cost of the current period for 700 m. is 350.000 TL. The
company finished 250 m of leather in the current period, and the completion
percentage of beginning work-in-progress is %40, and ending work-in-progress is 60%
for all cost components.
Q4:
Compute the total cost of ending work-in-progress and finished goods.
Transcribed Image Text:Q4: A company manufactures imitation leather. The cost of 300 m. of beginning work-in- progress is 200.000 TL. The cost of the current period for 700 m. is 350.000 TL. The company finished 250 m of leather in the current period, and the completion percentage of beginning work-in-progress is %40, and ending work-in-progress is 60% for all cost components. Q4: Compute the total cost of ending work-in-progress and finished goods.
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