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 Materials Conversion 250 Units to Account For Beginning work in process inventory 500 500 Started 19,500 Total units to accounted for 20,000 Ending inventory was 100% complete as to materials and 80% complete as to conversion, and the total materials cost is $54,600 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 fina answers to two decimal places. Cost per unit Materials Conversion Using the weighted-average method, what is the value of the inventory transferred out and the value of the ending WIP inventory? Inventory transferred out Ending WIP inventory

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 Materials Conversion 250 Units to Account For Beginning work in process inventory 500 500 Started 19,500 Total units to accounted for 20,000 Ending inventory was 100% complete as to materials and 80% complete as to conversion, and the total materials cost is $54,600 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 fina answers to two decimal places. Cost per unit Materials Conversion Using the weighted-average method, what is the value of the inventory transferred out and the value of the ending WIP inventory? Inventory transferred out Ending WIP inventory

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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