Question: Colby Company has a process costing system in which the weighted-average method is used. The company adds all materials at the beginning of the process

Colby Company has a process costing system in which the weighted-average method is used. The company adds all materials at the beginning of the process in the Molding Department, which is the first of two stages of its production process. Information concerning the materials used in the Molding Department during March is as follows:

What was the materials cost of the work in process inventory at March 31?
A. $11,220
B. $7,500
C. $5,100
D.$7,650

Units 22,000 90,000 Materials cost Work in process at March 1 Units started during March S11.000 $46,000 Units completed and transferred to next department During March 97, 000

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