Question: #6 Saved Problem 8-67 (Algo) Operations Costing: Work-in-Process Inventory (LO 8-8) 3 Miller Outdoor Equipment (MOE) makes four models of tents. The model names are

 #6 Saved Problem 8-67 (Algo) Operations Costing: Work-in-Process Inventory (LO 8-8)
3 Miller Outdoor Equipment (MOE) makes four models of tents. The model
names are Rookie, Novice, Hiker, and Expert MOE manufactures the tents in

#6 Saved Problem 8-67 (Algo) Operations Costing: Work-in-Process Inventory (LO 8-8) 3 Miller Outdoor Equipment (MOE) makes four models of tents. The model names are Rookie, Novice, Hiker, and Expert MOE manufactures the tents in two departments: Stitching and Customizing. All four models are processed initially in Stitching where all material is assembled and sewn into a basic tent. The Rookle model is then transferred to finished goods. After processing in Stitching the other three models are transferred to Customizing for additional add-ons, and then transferred to finished goods There were no beginning work-in-process inventories on August 1. Data for August are shown in the following table. Ending work in process is 45 percent complete in Stitching and 25 percent complete in Customizing Conversion costs are allocated based on the number of equivalent units processed in each department Dock Units started units completed in Stitching Units completed in Customizing Materials Consion costs Stitching Customizin Total conversion costs Total Rookie Novice Hiker Expert 690 490 310 190 615 440 255 135 420 235 120 556,190 $22,950 $14,210 $11,160 58,748 559,260 585,260 Required: .. What is the unit cout of each mooie transferred to finished goods in AUQUE b. what is the balance of the Work in Process inventory on August 31 for Stitching? For Customizing Complete this question by entering your answers in the tabs below. Required: .. What is the unit cost of each model transferred to finished goods in August? b. What is the balance of the Work In Process Inventory on August 31 for Stitching For Customizing 066 Doints Complete this question by entering your answers in the tabs below. Required A Required B What is the unit cost of each model transferred to finished goods in August? (Round Intermediate calculations to nearest whole number Product Unit Cost Rook Novice HO Required) ered A Required B What is the balance of the Work-in-Process Inventory on August 31 for Stitching For Customizing? (Round intermediate calculations to nearest whole number) Work in Process Inventory Sitching Customizing

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!