The Gasson Company Uses the Weighted-Average Method in Its Process

question 7

Multiple Choice

The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process stock consists of 10,000 units, 100% complete with respect to materials and 70% complete with respect to labour and overhead. If the costs per equivalent unit are £4.50 for the materials and £2.00 for labour and overhead, the balance of the ending work in process stock account would be

• A)£44,500.
• B)£50,500.
• C)£59,000.
• D)£65,000.

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Definitions:

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