Testion 43 1 points Save Answer Rayburn Racing Corporation manufactures accessories for race cars. The accessories are promoted in major auto racing circles. Rayburn Racing uses the weighted average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 20,000 units which were 100 complete with respect to materials and con complete with respect to labor and overhead. If the cost per equivalent unit for August was 53.25 for materials and $4.75 for labor and overhead, the total cost assigned to the ending work in process inventory was: $122.000 $103.000 O 590,000 $160,000