y Questions | bartlebyHow many units must be in...My HomeCengageNOWv2| Online te...eBookShow Me HowPant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturingis a one-step process where the bands are cut and sewn. This is the information related to this year's production:Units to Account ForUnits Materials ConversionBeginning work in process inventory600600250Started21,400Total units to accounted for22,000Ending inventory was 100% complete as to materials and 70% complete as to conversion, and the total materialscost is $59,840 and the total conversion cost is $37,648.Using the weighted-average method, what are the unit costs if the company transferred out 18,000 units? Ifrequired, round final answers to two decimal places.Costper unitMaterials%24Conversion $Using the weighted-average method, what is the value of the inventory transferred out and the value of the endingWIP inventory?Inventory transferred out $Ending WIP inventory%24%24

The question is based on the concept of Cost Accounting.

Answered: Pant Risers manufactures bands for…

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...

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Pant Risers 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 years production: Â Ending inventory was 100% complete as to materials and 70% complete as to conversion, and the total materials cost is $57,540 and the total conversion cost is $36,036. Using the weighted-average method, what are the unit costs if the company transferred out 17,000 units? What is the value of the inventory transferred out and the value of the ending WIP inventory?
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