1. madsen company uses the weighted-average method in its process costing system. during october, the mixing department transferred out 40,000 units. the october 31 work-in-process inventory in the mixing department consisted of 4,000 equivalent units of material and 5,000 equivalent units of labour and overhead. the cost per equivalent unit was $2.50 for materials and $6.25 for labour and overhead. what was the total cost of the october 31 work-in-process inventory?

$78,750

$43,750

$35,000

$41,250

2. Overland, Inc., uses the weighted-average method in its process costing system. The company's work in process inventory on April 30 consists of 25,000 units. The units in the ending inventory are 100% complete with respect to materials and 75% complete with respect to conversion costs. If the cost per equivalent unit is $3.00 for materials and $5.50 for conversion costs, the total cost in the April 30 work in process inventory?