Question
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
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 |
| Transferredminusin costs | $94,000 |
| Direct materials (100%) | $22,500 |
| Conversion costs (75%) | $25,400 |
| Units transferredminusin: | |
| Number of units | 47,500 |
| Transferredminusin 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 forconversion) |
The total cost of units remaining in ending WIP Inventory is closest to
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