Using the weighted-average method, what are the unit costs if the company transferred out 17,000 units? If required, round final answers to two decimal places. Cost per unit Materials $fill in the blank 1 Conversion $fill in the blank 2 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 $fill in the blank 3 Ending WIP inventory $fill in the blank 4
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 | Units | Materials | Conversion |
| Beginning work in process inventory | 400 | 400 | 250 |
| Started | 21,600 | ||
| Total units to accounted for | 22,000 |
Ending inventory was 100% complete as to materials and 80% complete as to conversion, and the total materials cost is $60,940 and the total conversion cost is $37,590.
Using the weighted-average method, what are the unit costs if the company transferred out 17,000 units? If required, round final answers to two decimal places.
| Cost per unit |
|
| Materials | $fill in the blank 1 |
| Conversion | $fill in the blank 2 |
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 | $fill in the blank 3 |
| Ending WIP inventory | $fill in the blank 4 |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
