A Company Uses the Weighted-Average Method for Inventory Costing

question 136

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 goods in process inventory and are 100% complete for materials and 75% complete for labor and overhead. The equivalent costs per unit are; materials, $2.65, labor, $2.15, and overhead, $3.20. Compute the cost that would be assigned to the ending goods in process inventory for the period.

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

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Definitions:

High Involvement

A situation or context that demands significant time, energy, or emotional investment from the participants or stakeholders.

Few Members

A small number of individuals belonging to a group, team, or organization.

Allocate Roles

The process of assigning specific responsibilities and tasks to individuals or groups.

Collaborative Project

A joint effort where two or more individuals or groups work together towards a common goal, sharing responsibilities, resources, and ideas to achieve objectives.