Forest Company,which Uses a Weighted-Average Process-Costing System,had 7,000 Units in Production

question 42

Multiple Choice

Forest Company,which uses a weighted-average process-costing system,had 7,000 units in production at the end of the current period that were 60% complete.Material A is introduced at the beginning of the process;material B is introduced at the end of the process;and conversion cost is introduced evenly throughout manufacturing.Equivalent-unit production costs follow.
Material A: $12.50
Material B: $2.00
Conversion cost: $6.60
The cost of the company's ending work-in-process inventory is:

• A)$88,620.
• B)$115,220.
• C)$123,620.
• D)$147,700.
• E)some other amount.

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