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

---

Definitions:

Catastrophic Expectations

The tendency to anticipate the worst possible outcomes, often seen in anxiety disorders, which can amplify stress and hinder effective coping mechanisms.

Biological Needs

Basic requirements for human survival, such as food, water, shelter, and oxygen, which are necessary for maintaining physiological balance.

End-goals

The ultimate objectives or outcomes that a person aims to achieve, often motivating actions and decisions.

Impasse

A deadlock or situation where no progress can be made or no advancement is possible.