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Baird Ski Company Week 3 Work Sheet

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Subject
Business
School
University of Phoenix
Type
Homework
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Baird Ski Company manufactures snow skis. During the most recent
accounting period, the company’s finishing department transferred 4,400 sets
of skis to finished goods. At the end of the accounting period, 430 sets of skis
were estimated to be 40 percent complete. Total product costs for the
finishing department amounted to $205,740.
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.
Cost per equivalent unit: $45
Allocation to finished goods: $198,000
Allocation to ending inventory: $7,740

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Baird Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transferred 4,400 sets of skis to finished goods. At the end of the accounting period, 430 sets of skis were estimated to be 40 percent complete. Total product costs for the finishing department amounted to $205,740. 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. Cost per equivalent unit: $45 Allocation to fi ...
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