Ford Motor Company uses the weighted average method for process costing In February 2035, the company incurs $15,000,000 in production costs and produces 50,000 vehicles Required Calculate the cost per vehicle using the weighted average method Determine the cost of ending work in process assuming 5,000 vehicles are in process

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Question: Ford Motor Company uses the weighted average method for process costing. In February 2035, the company incurs $15,000,000 in production costs and produces 50,000 vehicles.

Ford Motor Company uses the weighted average method for process costing. In February 2035, the company incurs $15,000,000 in production costs and produces 50,000 vehicles.

Required:

Calculate the cost per vehicle using the weighted average method.
Determine the cost of ending work in process assuming 5,000 vehicles are in process.

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