The Richmond Corporation Uses the Weighted-Average Method in Its Process

question 345

Multiple Choice

The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.75 for materials and $4.25 for labor and overhead, the total cost assigned to the ending work in process inventory was:

• A) $126,000
• B) $75,600
• C) $80,100
• D) $95,400

---

Definitions:

Atomic Orbitals

Mathematical functions describing the location and wave-like behavior of an electron in an atom, important in the understanding of chemical bonds and reactions.

Hybrid Atomic Orbitals

Orbitals formed by the combination of two or more standard atomic orbitals, leading to new orbitals that are optimal for the bonding in molecules.

C-H Bond

The chemical bond formed between a carbon and a hydrogen atom, fundamental in organic chemistry and the structure of hydrocarbons.

Atomic Orbitals

Mathematical functions describing the location and wave-like behavior of an electron in an atom.