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Weighty Steel Processes a Single Type of Steel

Question 16

Multiple Choice

Weighty Steel processes a single type of steel.For the current period the following information is given:
Weighty Steel processes a single type of steel.For the current period the following information is given: All materials are added at the beginning of the production process.The beginning inventory was 50% complete as to conversion,while the ending inventory was 25% completed for conversion purposes. Weighty uses the weighted-average costing method. What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar. ) A) $91,200 B) $115,050 C) $112,761 D) $121,600
All materials are added at the beginning of the production process.The beginning inventory was 50% complete as to conversion,while the ending inventory was 25% completed for conversion purposes.
Weighty uses the weighted-average costing method.
What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar. )


A) $91,200
B) $115,050
C) $112,761
D) $121,600

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