Ford Motor Company uses the weighted average method for process costing. In February 2035, the company incurs
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Question:
Ford Motor Company uses the weighted average method for process costing. In February 2035, the company incurs $15,000,000 in production costs and produces 50,000 vehicles.
Required:
- Calculate the cost per vehicle using the weighted average method.
- Determine the cost of ending work in process assuming 5,000 vehicles are in process.
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