Question: Helmet Inc. uses the weighted average method in its process costing system. The following data for the Assembly Department were taken from the company's accounting

Helmet Inc. uses the weighted average method in its process costing system. The following data for the Assembly Department were taken from the company's accounting records in June: The cost of beginning inventory: $50.000 The total direct material director labor, and manufacturing overhead cost that is newly incurred during this period is $350.000. 180.000 units were completed during this period. The company's ending work-in-process inventory has 50,000 units with 40% complete. What is the cost of ending work-in-process inventory? (Please provide step by-step on how to derive the final answer; otherwise, no point will be given)

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