Question
Helmet Inc. uses the weighted-average method in its process costing system. The following data for the Assembly Department were taken from the companys accounting records
Helmet Inc. uses the weighted-average method in its process costing system. The following data for the Assembly Department were taken from the companys accounting records in June: The cost of beginning inventory: $150,000 The total direct material, director labor, and manufacturing overhead cost that is newly incurred during this period is $650,000. 180,000 units were completed during this period. The companys ending work in process inventory has 50,000 units with 40% complete. What is the cost of ending work in process inventory? (please provide steps in reaching your final answer; otherwise, no point will be provided)
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