Jimmy Company 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? Select one: a. $41,625 b. $33,750 c. $45,000 d. $31,500
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Ответ:
The correct answer is A.
Explanation:
Giving the following information:
The ending work in process inventory consists of 9,000 units.
The ending work in process inventory is 100% complete for materials and 70% complete for labor and overhead.
The cost per equivalent unit for the period is $3.75 for material and $1.25.
First, we need to calculate the ending inventory in units for equivalent units:
Direct material= 9,000*1= 9,000 units
Conversion costs= 9,000*0.7= 6,300
Now, the cost of ending inventory:
Direct material= 9,000*3.75= 33,750
Conversion costs= 6,300*1.25= 7,875
Total cost= $41,625
Ответ:
no en te