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The Richmond Corporation uses the weighted average method in its process costing system. The company has only a single processing department. The company's ending work
The Richmond Corporation 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 19,400 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.10 for materials and $4.60 for labor and overhead, the total cost assigned to the ending work in process inventory was: Multiple Choice 0 $113,684 0 $89,628 0 $149,380 0 $95,836
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