A Company Uses the Weighted-Average Method for Inventory Costing

question 136

Multiple Choice

A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending goods in process inventory and are 100% complete for materials and 75% complete for labor and overhead. The equivalent costs per unit are; materials, $2.65, labor, $2.15, and overhead, $3.20. Compute the cost that would be assigned to the ending goods in process inventory for the period.

• A) $146,575.
• B) $176,000.
• C) $87,725.
• D) $93,775.
• E) $132,000.

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Definitions:

Consequences

Refers to the outcomes or results that follow from an action or decision.

Vicariously

Experiencing something through another person's actions or experiences, rather than directly oneself.

Reinforcement

In behavioral psychology, a process by which the likelihood of a behavior's occurrence is increased by following it with a positive outcome or reward.

Self-Esteem

The subjective evaluation or attitude an individual has towards themselves, encompassing beliefs and emotions such as pride and shame.