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Fanning Ski Company manufactures snow skis. During the most recent accounting period, the company's finishing department transferred 4,200 sets of skis to finished goods. At
Fanning Ski Company manufactures snow skis. During the most recent accounting period, the company's finishing department transferred 4,200 sets of skis to finished goods. At the end of the accounting period, 440 sets of skis were estimated to be 50 percent complete. Total product costs for the finishing department amounted to $221,000. 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. x Answer is complete but not entirely correct. Cost per equivalent unit 4,330 x Allocation to finished goods 249,000 x C. Allocation to ending inventory 10,800 xFanning Ski Company manufactures snow skis. During the most recent accounting period, the company's finishing department transferred 4,200 sets of skis to finished goods. At the end of the accounting period, 440 sets of skis were estimated to be 50 percent complete. Total product costs for the finishing department amounted to $221,000. 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. * Answer is complete but not entirely correct. a Cost per equivalent unit 70 X b. Allocation to finished goods 294,000 x C. Allocation to ending inventory 17, 150 x
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