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	13,000
Transferred-in costs	$91,000
Direct materials (100%)	$24,500
Conversion costs (75%)	$32,400
Units transferred-in:
Number of units	53,500
Transferred-in costs	$643,500
Units completed	33,000
Costs during the period:
Direct materials	$164,475
Conversion costs	$222,225
Work in process, ending:
Number of units	33,500
(100% complete for materials and 35% complete for conversion)

The total cost of units transferred out to Finished Goods Inventory is closest to

Answer rating: 100% (QA)

Cost transferred to finished goods 646139 Working Statement of Equivalent Units Transferred in Mat... View the full answer