TB MC Qu. 12-47 (Algo) Kidd Company uses a process costing...

Kidd Company uses a process costing system and the weighted average method. The company had 1,650 units of product in its work in process inventory at the beginning of the period. During the period 4,700 additional units of product were started. At the end of the period there were 2,350 units of product in the Work in Process account. The ending work in process inventory was estimated to be 40% complete. The beginning work in process inventory had a balance of $7,400. Product costs totaling $118,000 were added to work in process during the period. The amount of cost in ending work in process inventory is: (Round cost per equivalent unit to the nearest whole dollar.)

Multiple Choice

$35,250.

$58,750.

$23,500.

$17,500.