A company uses the weighted-average method for inventory costing. At the end of the period, 21,000 units were in the ending Work in Process inventory and are 100% complete for materials and 84% complete for conversion. The equivalent costs per unit are materials. $2.74, and conversion $2.25. Compute the cost that would be assigned to the ending Work in Process inventory for the period. Multiple Choice O $97,230. $173.040. $96,470. $154,560. $145,354.
A company uses the weighted-average method for inventory costing. At the end of the period, 21,000 units were in the ending Work in Process inventory and are 100% complete for materials and 84% complete for conversion. The equivalent costs per unit are materials. $2.74, and conversion $2.25. Compute the cost that would be assigned to the ending Work in Process inventory for the period. Multiple Choice O $97,230. $173.040. $96,470. $154,560. $145,354.
Chapter5: Process Costing
Section: Chapter Questions
Problem 3EB: A company has 100 units in ending work in process that are 40% complete after transferring out 750...
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