p R Assignments: ACCTG-48 Chapter 14. H O Not Se cure ezto.mheducation.com/hm.tp

Question

p R Assignments: ACCTG-48 Chapter 14. H O Not Se cure ezto.mheducation.com/hm.tpx Question 3 (of 3) 3 5.00 points Problem 14-4A Ending Inventory computation and evaluation LO C4 Nazaro's Boot Company makes specialty boots for the rodeo circuit On December 31, 2014, the company had (a) 300 pairs of books in fnished goods inventory and (b) 1,800 heeis manufactured 18,750 pairs of bools at a cost of $15 each in raw 2015the company purchased 41000addo heels a $15 each and mn the unit and doilar amounts of raara invertory in heels at December 31, 201s Cost Per Unit 31, 2014 during 2015 Ending inventory, December 31, 2015 References Book & Resources Expanded table Problem 14-4A Ending inventory computation and evaluation LO C4 merchandising, and service esc 80 O00 F3

Explanation / Answer

Number of units cost per unit Total cost Beginning inventory- December 31, 2014 1,800 $    15.00 $      27,000.00 Purchase during 2015           41,000 $    15.00 $    615,000.00 Inventory available for production           42,800 $    15.00 $    642,000.00 Less: Inventory transferred into production         (16,750) $    15.00 $ (251,250.00) Ending inventory- December 31, 2015           26,050 $    15.00 $    390,750.00

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