a company uses the weighted - average method for inventory costing. at the end of the period, 21,000 units…

a company uses the weighted - average method for inventory costing. at the end of the period, 21,000 units were in the ending work in process inventory and are 100% complete for materials and 66% complete for conversion. the equivalent costs per unit are materials, $2.56, and conversion $2.25. compute the cost that would be assigned to the ending work in process inventory for the period. multiple choice $84,945. $169,260. $75,680. $129,990. $111,712.

a company uses the weighted - average method for inventory costing. at the end of the period, 21,000 units were in the ending work in process inventory and are 100% complete for materials and 66% complete for conversion. the equivalent costs per unit are materials, $2.56, and conversion $2.25. compute the cost that would be assigned to the ending work in process inventory for the period. multiple choice $84,945. $169,260. $75,680. $129,990. $111,712.

Answer

Explanation:

Step1: Calculate materials cost

Materials cost = Units * Materials cost per unit Materials cost = 21000 * 2.56 = 53760

Step2: Calculate conversion cost

Conversion cost = Units * Conversion cost per unit * Completion percentage Conversion cost = 21000 * 2.25 * 0.66 = 31185

Step3: Calculate total cost

Total cost = Materials cost+Conversion cost Total cost = 53760 + 31185 = 84945

Answer:

$84,945$