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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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Posts: 3810
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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 transferred out to Finished Goods Inventory is closest to
A) $1,151,100.
B) $350,450.
C) $1,004,625.
D) $909,450.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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#1
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8 years ago
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bernie2981 Author
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#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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#3
6 years ago
this is what i was looking for
wrote...
#4
6 years ago
ty
wrote...
#5
3 years ago
thank you
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