Focus Company, Which Uses a Weighted-Average Process-Costing System, Had 7,000

question 50

Multiple Choice

Focus 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 incurred 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)C.$129,220.
• D)D.$123,620.
• E)E.$147,700.

---

Definitions:

Disaster Risk

The potential loss or damage that could occur as a result of a disaster event, taking into account both the hazard and the vulnerability of the affected area.

Financial Loss

The condition of having less money or resources at the end of a period than at the beginning, typically as a result of expenses exceeding income.

Super-Event

A major event or happening that has significant, often transformative effects on the societies, economies, or environments it impacts.

Disaster Risk

The potential loss or damage that could occur to a system, society, or community in a specific period due to disasters.