PA3. LO 5.3 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 year's production: Units to Account For Beginning WIP inventory Started To account for Units 500 20,500 21,000 Materials 500 Conversion 250 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?
PA3. LO 5.3 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 year's production: Units to Account For Beginning WIP inventory Started To account for Units 500 20,500 21,000 Materials 500 Conversion 250 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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:PA3. LO 5.3 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 year's production:
Units to Account For
Beginning WIP inventory
Started
To account for
Units
500
20,500
21,000
Materials
500
Conversion
250
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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