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

question 91

Multiple Choice

Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9,000 units. The ending work in process inventory is 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.75 for material and $1.25 for labor and overhead, what is the balance of the ending work in process inventory account?

• A)$41,625
• B)$33,750
• C)$45,000
• D)$31,500

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