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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 in
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 0 8 00 units. The units in the ending work in process inventor were 100% com ete respect to materials and 60 complete it respectto abor and over ea fthe cost pe equivalent unit August was $2.75 for materials and $4.25 for labor and overhead, the total cost assigned to the ending work in process inventory was: Multiple Choice $126,000 $80100 $95.400
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