Question: Ford company uses the weighted average method in its process costing system. The company has only a single processing department. The company's ending work in

 Ford company uses the weighted average method in its process costing

Ford company uses the weighted average method in its process costing system. The company has only a single processing department. The company's ending work in process Inventory consisted of 36,000 unlts. The units in the ending work in process were 50% complete with respect to materials and 30% complete with respect to labor and overhead. If the costs per equivalent unit for the current perlod were $5.50 for materials and $8.50 for labor and overhead, the total cost assigned to the ending work In process Inventory should have been A. $151,200 B. $160,200 C. $252,000 D. $ 190,800 E. Some other amount which was $ - The beginning inventory in the Milling Department consisted of 10,000 units 50% complete for materials and 60% complete for conversion. The total cost of the beginning inventory $60,000. During the month, 50,000 units were transferred out of this department. The equivalent unit cost was computed as $4 for materlals and $7.40 for conversion costs under the weighted average method. The total cost of the units completed and transferred out of this department would have been computed as: A. $480,000 B. $510,000 C. $540,000 D. $570,000 Using the data from #19, there were 1,000 units in the ending inventory which were 70% complete for materials and 40% for conversion, the amount of material costs in the ending inventory balance would have been: A. $1200 B. $2800 C. $2960 D. $5740 E. Some other amount which would be $

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