Mack Inc. uses a weighted-average process costing system. Direct materials and conversion costs are incurred evenly during the production process. During the month of October, the following costs were incurred:

The work-in-process inventory as of October | consisted of 5,000 units, valued at \($4,300\), that were 20% complete. During October, 27,000 units were transferred out. Inventory as of October 31 consisted of 3,000 units that were 50% complete. The weighted-average inventory cost per unit completed in October was

a. $3.51.

b. \($3.88\).

c. $3.99.

d. \($4.00\).

Transcribed Image Text:

Direct materials. Conversion costs $39,700 70,000