Homework Answers
Finished Inventory = Beginning Inventory + Purchased Inventory - Inventory Transferred into Production
| Particulars | Number of Units | Cost per Unit ($) | Total Cost ($) |
| Beginning Inventory , December 31 , 2016 | 1400 | 18 | 25200 |
| Purchases during 2017 | 43000 | 18 | 774000 |
| Inventory available for production | 44400 | 18 | 799200 |
| Less : Inventory transferred into production | 33700 | 18 | 606600 |
| Ending inventory, December 31 , 2017 | 10700 | 18 | 192600 |
Inventory transferred into productions = Number of boots pairs manufactured X 2 ( one pair of Boots requires 2 heels)
Inventory transferred into productions = 16850 X 2
Inventory transferred into productions = 33700.
Ending Inventory = 1400 + 43000 - 33700
Ending Inventory = 10700
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Required production for January and February of 2017 are 4,570 and
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