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Taylor Ski Company manufactures snow skis. During the most recent accounting period, the companys finishing department transferred 4,200 sets of skis to finished goods. At

Taylor Ski Company manufactures snow skis. During the most recent accounting period, the companys finishing department transferred 4,200 sets of skis to finished goods. At the end of the accounting period, 460 sets of skis were estimated to be 40 percent complete. Total product costs for the finishing department amounted to $241,120.

Required:
a. Determine the cost per equivalent.

b.&c.

Determine the cost of the goods transferred out of the finishing department and the cost of the finishing departments ending work in process inventory.

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Required: a. Determine the cost per equivalent. Cost per equivalent unit b.&c. Determine the cost of the goods transferred out of the finishing department and the cost of the finishing department's ending work in process inventory. Cost Allocation To finished goods To ending inventory

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