Fant vers manufactures bands for self-dressing assistive devices for mobility impaired individuals. Manufacturing is a one-step process where t Units to Account For Beginning work in process inventory Units Materials Conversion 500 500 250 Started 19,500 Total units to accounted for 20,000 Ending inventory was 100% complete a and 80% complete conversion, and the total materials cost is $54,600 and the total conversion cost is $34,94 Using the weighted average method, what are the unit costs if the company transferred out 16,000 units? If required, round final answers to two decimal places Materials Cost per unit 1.71 1.91 X Using the weighted average method, what is the val Inventory transferred out 70000 Ending WIP leventary 15,490 ventary trandend sale of the ending WIP inventory? This is the information related to this year's prod

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 3PA: Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired...
icon
Related questions
Question
Pantiers manufactures bands for self-dressing assistive devices for mobility impaired individuals Manufacturing is a one-step process where the bands are cut and sewn. This is the information related to this year's produc
Units to Account for
Units Materials Conversion
Beginning work in process inventory
500 500
250
Started
Total units to accounted for
Ending inventory was 100% complete as to materials and 80% complete as to conversion, and the total materials cost is $54,600 and the total conversion cost is $34,944
Using the weighted average method, what are the unit costs if the company transferred out 16,000 units? If required, round final answers to two decimal places.
Cost
per unit
19,500
20,000
Materials
2.73 ✔
Conversion
1.91 X
Using the weighted average method, what is the value of the inventory tranderred out and the value of the ending WIP inventory?
Inventory transferred out
70,000
Ending WIP inventory
15,490
Transcribed Image Text:Pantiers manufactures bands for self-dressing assistive devices for mobility impaired individuals Manufacturing is a one-step process where the bands are cut and sewn. This is the information related to this year's produc Units to Account for Units Materials Conversion Beginning work in process inventory 500 500 250 Started Total units to accounted for Ending inventory was 100% complete as to materials and 80% complete as to conversion, and the total materials cost is $54,600 and the total conversion cost is $34,944 Using the weighted average method, what are the unit costs if the company transferred out 16,000 units? If required, round final answers to two decimal places. Cost per unit 19,500 20,000 Materials 2.73 ✔ Conversion 1.91 X Using the weighted average method, what is the value of the inventory tranderred out and the value of the ending WIP inventory? Inventory transferred out 70,000 Ending WIP inventory 15,490
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Value Chain Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning