Chap004 (dragged) 43 - PROBLEM 4-41 (30 MINUTES) 1. a. Cost...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. 4 - 44 Solutions Manual PROBLEM 4-41 (30 MINUTES) 1. a. Cost of units completed and transferred to finished-goods inventory during February: U n i t s c o m p l e t e d a n d transferred out . ............................................. 5,950 T o t a l c o s t p e r equivalent unit . ......................................................... u $16.00 C o s t o f u n i t s c o m p l e t e d and transferred out . ................................ $ 9 5 , 2 0 0 b . T o c o m p u t e t h e c o s t o f t h e F i n i s h i n g Department's work-in-process inventory on February 28, first determine the number of units in ending work-in- process inventory, as follows: W o r k - i n - p r o c e s s i n v e n t o r y , February 1 (in units). ......................... 700 A d d : U n i t s t r a n sferred in. ................................................................. 7,000 U n i t s t o a c c ount for. .......................................................................... 7,700
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