Ashton Ski Company manufactures snow skis. During the most recent accounting period, the companys finishing department transferred 5,000 sets of skis to finished goods. At the end of the accounting period, 500 sets of skis were estimated to be 40 percent complete. Total product costs for the finishing department amounted to $416,000.

fundament X C o d 3001 box (670) -angela aldrigh + Purce.com/books/9781259748783/06/544/492/222/2/2000 Assuming that 1,200 equivalent units of product were in the ending work in process inventory, determine the amount of cost transferred out of the work in Process Inventory account of the assembly department to the finished Goods Inventory account. What was the assembly department's cost of ending word in process inventory? Assuming that 5,600 units of product were transferred out of the assembly department's work in process inventory to finished goods inventory, determine the amount of the assembly department's cost of ending work in process inventory. What was the cost of the finished goods inventory transferred out of the assembly department? LO 12-4 Exercise 12-12A Process costing system-determine equivalent units and allocate costs A company manufactures snow skis. During the most recent accounting period, the company's finishing department transferred 5.000 of skisto T he goods. At the end of the accounting period, 500 sets of skis were estimated to be 40 percent complete. Total product costs for the finishing departmen amounted to 1416,000 Required Determine the cost per equivalent. Determine the cost of the goods transferred out of the finishing department. Determine the cost of the finishing department's ending work in process inventory PROBLEMS SERIES A cornect All applicable Problems in Series A are available in Connect 0 122 Problem 12-13A Job-order costing system fundament X C o d 3001 box (670) -angela aldrigh + Purce.com/books/9781259748783/06/544/492/222/2/2000 Assuming that 1,200 equivalent units of product were in the ending work in process inventory, determine the amount of cost transferred out of the work in Process Inventory account of the assembly department to the finished Goods Inventory account. What was the assembly department's cost of ending word in process inventory? Assuming that 5,600 units of product were transferred out of the assembly department's work in process inventory to finished goods inventory, determine the amount of the assembly department's cost of ending work in process inventory. What was the cost of the finished goods inventory transferred out of the assembly department? LO 12-4 Exercise 12-12A Process costing system-determine equivalent units and allocate costs A company manufactures snow skis. During the most recent accounting period, the company's finishing department transferred 5.000 of skisto T he goods. At the end of the accounting period, 500 sets of skis were estimated to be 40 percent complete. Total product costs for the finishing departmen amounted to 1416,000 Required Determine the cost per equivalent. Determine the cost of the goods transferred out of the finishing department. Determine the cost of the finishing department's ending work in process inventory PROBLEMS SERIES A cornect All applicable Problems in Series A are available in Connect 0 122 Problem 12-13A Job-order costing system