Multiple Choice
A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending Work in Process inventory and are 100% complete for materials and 75% complete for conversion. The equivalent costs per unit are materials, $2.65 and conversion $5.35. Compute the cost that would be assigned to the ending Work in Process inventory for the period.
A) $146,575.
B) $93,775.
C) $87,725.
D) $176,000.
E) $132,000.
Correct Answer:
Verified
Correct Answer:
Verified
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