Question: Workshop 3 CH 4 1. Comfort Zone uses the weighted-average method in its costing system. Ending work-in- process had a total cost of $242,000 and

Workshop 3 CH 4 1. Comfort Zone uses the weighted-average method

Workshop 3 CH 4 1. Comfort Zone uses the weighted-average method in its costing system. Ending work-in- process had a total cost of $242,000 and the ending work-in-process inventory consisted of 40,000 units. These units were 50% completed with respect to materials. What is the percentage of completion with respect to convention costs, if the cost per equivalent unit were $7.00 for labor and overhead and $6.50 for materials? A. 30,0000 B. 40.00% C. 20.00% D. 50.00% E. None of above

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