A Company Uses the Weighted-Average Method for Inventory Costing

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 goods in process inventory and are 100% complete for materials and 75% complete for labor and overhead. The equivalent costs per unit are; materials, $2.65, labor, $2.15, and overhead, $3.20. Compute the cost that would be assigned to the ending goods in process inventory for the period.

A) $146,575.
B) $176,000.
C) $87,725.
D) $93,775.
E) $132,000.