Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
At Panther Company, materials are added at the beginning of the process and conversion costs are added uniformly.

Work in process, beginning:   
Number of units   9,000
Transferred-in costs   $94,000
Direct materials (100%)   $22,500
Conversion costs (75%)   $25,400
Units transferred-in:   
Number of units   47,500
Transferred-in costs   $640,500
Units completed   43,000
Costs during the period:   
Direct materials   $155,475
Conversion costs   $213,225
Work in process, ending:   
Number of units   13,500
(100% complete for materials and 35% complete for conversion)   

The total cost of units remaining in ending WIP Inventory is closest to
A) $257,884.
B) $285,525.
C) $66,150.
D) $241,650.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 824 times
3 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...
#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
wrote...
#3
4 years ago
thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1097 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1898
  
 335
  
 465