Use the Following Information to Answer the Following Questions

question 37

Multiple Choice

Use the following information to answer the following Questions
Claremore Industries uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000.
-The cost of the ending work in process is:

• A) $54,000.
• B) $78,000.
• C) $114,000.
• D) $195,000.
• E) None of the answers is correct.

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