Question - The following information is provided by Panther Company:
WIP Inventory, January 1 0 units
Units started 22,000 units
Units completed and transferred out 9,000 units
WIP Inventory, December 31 13,000 units
Direct materials $24,900
Direct labor $13,100
Manufacturing Overhead $12,000
The units were 80% complete for materials and 30% complete for conversion costs.
How much are the total costs to be accounted for during the year?