A Company Uses the Weighted-Average Method for Inventory Costing

question 49

Multiple Choice

A company uses the weighted-average method for inventory costing.At the end of the period,22,000 units were in the ending Work in Process inventory and are 100% complete for materials and 75% complete for conversion.The equivalent costs per unit are materials,$2.65 and conversion $5.35.Compute the cost that would be assigned to the ending Work in Process inventory for the period.

• A)$146,575.
• B)$176,000.
• C)$87,725.
• D)$93,775.
• E)$132,000.

Understand the concept and application of Structural Equation Modeling (SEM).

Identify techniques for statistically controlling third variables.

Recognize the importance of partial correlation coefficients in controlling for third variables.

Understand multiple correlation and its implications for prediction.