Kizspy | Question: 38
(Choose 1 answer)
The Richmond Company uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was USD2.75 for materials and USD4.25 for labor and overhead, the total cost assigned to the ending work in process inventory was:
A. USD126,000
B. USD75,600
C. USD80,100
D. USD95,400
