Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-step process...

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Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-

business accounting

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Answer 1

Answer #1

Units in ending inventory = 21,000 - 18,000 = 3,000

Equivalent units = Completed + (Ending inventory X % of completion)

Material = 18,000 + (3,000 X 100%) = 21,000

Conversion = 18,000 + (3,000 X 60%) = 19,800

Cost per unit:

Material = $57,750 / 21,000 = $2.75

Conversion = $35,640 / 19,800 = $1.80

Inventory transferred out = 18,000 ($2.75 + $1.80) = $81,900

Ending WIP inventory = (3,000 X $2.75) + (3,000 X 60% X $1.80) = $11,490

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Answer 2

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Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-step process...

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