Question: help Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired indlviduals. Manufacturing is a one-step process where the bands are cut and sewn. This

help  help Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired
indlviduals. Manufacturing is a one-step process where the bands are cut and

Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired indlviduals. Manufacturing is a one-step process where the bands are cut and sewn. This is the information related to this year's production: Ending inventory was 100% complete as to materials and 60% complete as to conversion, and the total materials cost is $54,800 and the total conversion cost is 533,120 . Using the weighted-average method, what are the unit costs if the company transferred out 15,000 units? If required, round final answers to two decimal places. 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 The following product costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, 523,000 : manufocturing overhead, $16,100; selling expenses, $7,000; and administrative expenses, $15,000. Round "Cost per unit" answers to two decimal places. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 7,750 equivalent units are produced, what is the equivalent material cost per unit? F. If 23,000 equivalent units are produced, what is the equivalent conversion cost per unit? 1

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!