Picasso Manufacturing Corporation uses a process-costing system to manufacture printers for PCs. The following information summarizes operations for its No Toner model during the quarter ending September 30, Year 1: (Click the icon to view the information.) Beginning work-in-process inventory was 50% complete for direct manufacturing labor. Ending work-in-process inventory was 75% complete for direct manufacturing labor. What is the total value of the direct manufacturing labor in the ending work-in-process inventory using the weighted-average method? . 1. $552,000 2. $420,000 3. $331,200 4. $394,286 - X Data Table Direct Manufacturing Labor Units 200 $ 70,000 500 Work-in-process inventory, July 1 Started during the quarter Completed during the quarter Work-in-process inventory, September 30 Costs added during the quarter 400 300 850,000 The following information concerns Wildwood Corporation's equivalent units in May 20X1: (Click the icon to view the information.) Using the weighted-average method, what were Wildwood's May 20X1 equivalent units? ... 1. 33,350 2. 35,800 O 3. 68,720 4. 26,000 Data Table Units 5,800 Beginning work in process (40% complete) Units started during May Units completed and transferred Ending work in process (75% complete) 30,000 26,000 9,800 Print Done