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6.) Price Company produces grape juice in a continuous process. The company employs a weighted average process costing system. Data concerning activity in January at
6.) Price Company produces grape juice in a continuous process. The company employs a weighted average process costing system. Data concerning activity in January at the company are given in the table below.
Direct Materials | Conversion Costs | |
Equivalent units in ending WIP | 1,250 | 1,000 |
Costs per equivalent unit | $25 | $35 |
A total of 150,500 completed units were transferred out to finished goods during January. The total cost of the ending work-in-process is:
A. $75,000 B. $66,250 C. $9,030,000 D. $9,165,000
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