Weighty Steel Processes a Single Type of Steel All Materials Are Added at the Beginning of the Production

question 120

Multiple Choice

Weighty Steel processes a single type of steel.For the current period the following information is given: $$\begin{array} { | l | l | l | l | } \hline & \text { Units } & \text { Material Costs } & \text { Conversion Costs } \\\hline \text { Beginning Inventory } & 3,000 & \$ 4,500 & \$ 5,400 \\\hline \text { Started During the Current Period } & 20,000 & 32,000 & 78,200 \\\hline \text { Ending Inventory } & 2,500 & & \\\hline\end{array}$$ All materials are added at the beginning of the production process.The beginning inventory was 40% complete as to conversion,while the ending inventory was 30% completed for conversion purposes.
Weighty uses the weighted-average costing method.
What is the total cost assigned to the units completed and transferred this period?

• A) $107,010
• B) $109,440
• C) $113,160
• D) $120,100

---

Definitions:

Duty Of Confidentiality

an obligation to maintain the privacy of information entrusted by clients, patients, or customers, commonly applied in legal, medical, and business settings.

Agency Terminates

refers to the end of an agency relationship, which can occur through various means including mutual agreement, completion of the agency purpose, or revocation by either party.

Gratuitous Agency

An arrangement where an agent acts on behalf of a principal without receiving any compensation for the services rendered.

Formed By Contract

Established or created as a result of a legal agreement between parties.