Question: the richmond corporation uses the weighted-average method in its process costing system. the company has only a single processing department. the companys ending work in
the richmond corporation uses the weighted-average method in its process costing system. the company has only a single processing department. the companys ending work in process inventory on August 31 consisted of 20800 units. the units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. if the cost per equivalent unit for August was $3.45 for materials and $4.95 for labor and overhead, the total cost assigned to the ending work in process inventory was:
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