1.25 points Time Remaining 38 minutes 17 seconds00:38:17 Item 7Item 7 1.25 points Time Remaining 38 minutes 17 seconds00:38:17 A company uses the FIFO method for inventory costing. At the start of the period the production department had 24,000 units in beginning Work in Process inventory which were 42% complete; the department completed and transferred 167,000 units. At the end of the period, 24,000 units were in the ending Work in Process inventory and are 77% complete. The production department had labor costs in the beginning goods is process inventory of $101,000 and total labor costs added during the period are $726,875. Compute the equivalent cost per unit for labor.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?