Question
The Titanic Company 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 Titanic Company 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 June 31 consisted of 25.000 units. The units in the ending work in process inventory were 30 complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for June was $3.80 for materials and $12.40 for labor and overhead, calculate total cost assigned to the ending work in process inventory for June (Show every step of your calculations)
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