A Company Uses the Weighted-Average Method for Inventory Costing

question 101

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 Work in Process inventory and are 100% complete for materials and 75% complete for conversion. The equivalent costs per unit are materials, $2.65 and conversion $5.35. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

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

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Definitions:

Personnel Shortages

Situations where there are not enough employees to handle the work required, often affecting service and production levels.

Distribution Access

The ability of a company to ensure its products or services are available to potential customers through various channels.

Field of Experience

The background or expertise that one has accumulated in a particular area over time.

Inventory Deficits

Situations where the physical count of inventory is less than what is recorded in the books, often due to errors, theft, or loss.