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6 years ago

13) The following information is provided by Panther Company:

WIP Inventory,  January 1   0 units
Units started   22,000 units
Units completed and transferred out   9,000 units
WIP Inventory, December 31   13,000 units
Direct materials   $24,900
Direct labor   $13,100
Manufacturing Overhead   $12,000

The units were 80% complete for materials and 30% complete for conversion costs.

How much are the total costs to be accounted for during the year?
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#1
6 years ago
Let me know if this helps
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#2
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6 years ago
Total costs to be accounted for = Direct materials+Conversion costs = 24900+(13100+12000)= $50000
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