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The WISCO Company uses a weighted-average process costing system. The following data are available: Beginning inventory 0 Units started in production 76,000 Units finished during
The WISCO Company uses a weighted-average process costing system. The following data are available: Beginning inventory 0 Units started in production 76,000 Units finished during the period 44,000 Units in process at the end of the period (Complete as to materials, 1/4 complete as to labor and overhead) 32,000 Cost of materials used $ 380,000 Labor and overhead costs $ 299,000 Total cost of the 32,000 units of the ending inventory is:
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