Union Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of product. Ending inventory consisted of 400 units that were 50% complete. The total dollar cost associated with production of inventory was $75,000.

The cost per equivalent whole unit would be which of the following?

Select one:

a. $50.00

b. $65.00

c. $62.00

d. $60.00

Union Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of product. Ending inventory consisted of 400 units that were 50% complete. The total dollar cost associated with production of inventory was $75,000.

How much is the cost of Ending Work in Process (WIP) inventory?

Select one:

a. $13,000

b. $12,000

c. $10,000

d. $11,000