Question: A company uses the weighted average method for inventory costing. At the end of the period, 30,000 units were in the ending Work in Process
A company uses the weighted average method for inventory costing. At the end of the period, 30,000 units were in the ending Work in Process inventory and are 100% complete for materials and 83% complete for conversion. The equivalent costs per unit are materials, $273, and conversion $2.21. Compute the cost that would be assigned to the ending Work in Process inventory for the period. Multiple Choice $136.929. $244,500 $134.408
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
