Lumb Corpotarion uses the weighted average method in its processing costing system. Data concerning the first processing department for the most recent month are listed below:

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to?

Lumb Corporation uses the weighted-average method In Its process costing system. Data concerning the firs Beginning work in process inventory 200 $2,800 $2,600 Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory 35 7,900 7.400 $166,000 $261,000 700 Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion Note: Your answers may differ from those offered below due to rounding error. in all cases, select the answerth The cost of ending work in process Inventory in the first processing department according to the company's cos cOs O $32.892 O $23325 O $17413 O $38.696