Question
Franklin Ski Company manufactures snow skis. During the most recent accounting period, the company's finishing department transferred 4,150 sets of skis to finished goods. At
Franklin Ski Company manufactures snow skis. During the most recent
accounting period, the company's finishing department transferred 4,150
sets of skis to finished goods. At the end of the accounting period, 470 sets
of skis were estimated to be 40 percent complete. Total product costs for
the finishing department amounted to $325,350.
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.
Need answers for:
A.
Cost per equivalent unit?
B.
Allocation to finished goods?
C.
Allocation to ending inventory?
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