Question: Exercise 1 2 - 1 2 A ( Algo ) Process costing system - determine equivalent units and allocate costs LO 1 2 - 4

Exercise 12-12A (Algo) Process costing system-determine equivalent units and allocate costs LO 12-4
Jordan Ski Company manufactures snow skis. During the most recent accounting period, the company's finishing department
transferred 4,300 sets of skis to finished goods. At the end of the accounting period, 400 sets of skis were estimated to be 60 percent
complete. Total product costs for the finishing department amounted to $363,200.
Required
a. Determine the cost per equivalent.
b. Determine the cost of the goods transferred out of the finishing department.
c. Determine the cost of the finishing department's ending work in process inventory.
Exercise 12-12A (Algo) Process costing system-determine equivalent units and allocate costs

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