Frankenberger Company, which uses a weighted-average process-costing system, had 7,900 units in production at the end of
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Question:
Frankenberger Company, which uses a weighted-average process-costing system, had 7,900 units in production at the end of the current period that were 60% complete.
Material A is introduced at the beginning of the process;
Material B is introduced at the end of the process;
Conversion cost is introduced evenly throughout manufacturing.
Equivalent-unit production costs follow.
Material A: $17.00 Material B: $2.90 Conversion cost: $8.40
Calculate the cost of company's ending work-in-process inventory.
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