Hache Corporation Uses the Weighted-Average Method in Its Process Costing

question 62

Multiple Choice

Hache Corporation uses the weighted-average method in its process costing system.Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error.In all cases,select the answer that is the closest to the answer you computed.To reduce rounding error,carry out all computations to at least three decimal places. The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

• A)$26,693
• B)$69,888
• C)$34,944
• D)$20,966

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Definitions:

Confucius

An ancient Chinese philosopher and educator whose teachings, focused on morality, family loyalty, and respect for elders, have had a lasting impact on East Asian thought and culture.