At Panther Company, materials are added at the beginning of the process and conversion costs are...

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At Panther Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in pro

Conversion CUSIS (070) 20,4UU Units transferred - in: Number of units 47,500 $640,500 Transferred -in costs Units completed C

business accounting

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Answer 1

Answer #1

Equivalent unit of material = 43000+13500 = 56500

Equivalent unit of conversion = 43000+(13500*35%) = 47725

Cost per equivalent unit of material = (22500+155475)/56500 = 3.15

Cost per equivalent unit of conversion = (25400+213225)/47725 = 5

Cost per unit of transferred in = (94000+640500)/56500 = 13

Cost of unit transferred out = 21.15*43000 = 909450

So answer is a) $909450

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Answer 2

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