A. Barbarossa Ltd is a Turkish factory that produces premium handmade rugs. These rugs go under...

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A. Barbarossa Ltd is a Turkish factory that produces premium handmade rugs. These rugs go under two production departments: Stage I and Stage II. The following information is for the Stage I Department in May 2021: |Work in process, May 1ª: Units (80% complete for materials and 40% complete for labour) 40,000 Direct materials Direct labour 90,000* | 60,000* * TL: Turkish Lira During May, 57,000 units were completed and transferred to the Stage II Department. The incurred costs for direct materials and direct labour in Stage I Department during May were 25,000 and 13,000 TL, respectively. On 31* May, 12,000 units remained in the Stage I Department. These remaining units were 95% and 85% complete for materials and labour costs, respectively. Required: Prepare a cost of production report (in Turkish Lira) using the weighted average method for the Stage I Department. (45 marks) A. Barbarossa Ltd is a Turkish factory that produces premium handmade rugs. These rugs go under two production departments: Stage I and Stage II. The following information is for the Stage I Department in May 2021: |Work in process, May 1ª: Units (80% complete for materials and 40% complete for labour) 40,000 Direct materials Direct labour 90,000* | 60,000* * TL: Turkish Lira During May, 57,000 units were completed and transferred to the Stage II Department. The incurred costs for direct materials and direct labour in Stage I Department during May were 25,000 and 13,000 TL, respectively. On 31* May, 12,000 units remained in the Stage I Department. These remaining units were 95% and 85% complete for materials and labour costs, respectively. Required: Prepare a cost of production report (in Turkish Lira) using the weighted average method for the Stage I Department. (45 marks)

Answer rating: 100% (QA)

Step 1 of 3 INPUT OUTPUT Beginning 40000 Completed and transffered out 57000 Introduced bal fig 2900... View the full answer