Cosby Uses a Weighted-Average Process-Costing System

Multiple Choice

Cosby uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000.
The cost of the ending work in process is:

A) $54,000.
B) $78,000.
C) $114,000.
D) $195,000.
E) None of the answers is correct.