**Production Cost Analysis: Pant Risers**Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing involves a one-step process where the bands are cut and sewn. Here is the production data for this year:### Units to Account For- **Beginning Work in Process Inventory** - Units: 600 - Materials: 600 - Conversion: 250- **Started** - Units: 21,400- **Total Units to Account For** - Units: 22,000### Inventory Completion- **Ending Inventory**: - 100% complete for materials - 70% complete for conversion### Costs- **Total Materials Cost**: $59,840- **Total Conversion Cost**: $37,648### Weighted-Average Method TaskCalculate the unit costs for 18,000 units transferred out using the weighted-average method. Round final answers to two decimal places.#### Cost per Unit Calculation- Materials: $____- Conversion: $____### Inventory Valuation TaskUsing the weighted-average method, calculate:- **Inventory Transferred Out**: $____- **Ending WIP Inventory**: $____This document is aimed at helping students understand production costing and inventory accounting in manufacturing processes. For further assistance, please consult your course materials or instructor.

The question is based on the concept of Cost Accounting.

Answered: Pant Risers manufactures bands for…

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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