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Algoma Steel processes a single type of steel. For the current period the following information is given: Units Material Costs 200 Beginning Inventory Started During

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Algoma Steel processes a single type of steel. For the current period the following information is given: Units Material Costs 200 Beginning Inventory Started During the Current Period Ending Inventory $ 200,000 $ 2,000,000 Conversion Costs $ 200,000 $ 2,500,270 600 100 All materials are added at the beginning of the production process. Conversion costs are added evenly throughout the process. The beginning inventory was 40% complete of the process while the ending inventory was 30% complete. Algoma uses the weighted average costing method. REQUIRED: What is the TOTAL cost assigned to the ending work in process inventory? a $ 315,171 b. $ 385,970. c$ 276,157 d. $ 619,900

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