Question

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 66% complete for conversion. The equivalent costs per unit are; materials, $2.56, and conversion $2.25. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

$84,945.

$169,260.

$75,680.

$129,990.

$111,712.

Answer 1

Answer:

$84,945.

Explanation:

cost to be assigned to the ending Work in Process inventory

= (21000×2.56)100% + (21000×2.25)66%

= $84,945

Therefore, The cost that would be assigned to the ending Work in Process inventory for the period is $84,945.