Question: A company uses the weighted-average method for inventory costing. At the end of the period, 27,000 units were in the ending Work in Process inventory

A company uses the weighted-average method for inventory costing. At the end of the period, 27,000 units were in the ending Work in Process inventory and are 100% complete for materials and 80% complete for conversion. The equivalent costs per unit are materials, $2.70, and conversion $2.31. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

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