A company uses the weighted-average method for inventory costing. At the end of the period, 19,000 units were in the ending Work in Process inventory and are 100% complete for materials and 74% complete for conversion. The equivalent costs per unit are materials, $2.64, and conversion $2.15. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

Multiple Choice

• $113,042.

• $126,084.

• $152,760.

• $75,374.

• $80,389.

2.

A company uses the weighted-average method for inventory costing. At the end of the period, 19,000 units were in the ending Work in Process inventory and are 100% complete for materials and 74% complete for conversion. The equivalent costs per unit are materials, $2.64, and conversion $2.15. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

• $113,042.

• $126,084.

• $152,760.

• $75,374.

• $80,389.