Spiral Company Manufactures Generic Notebooks The Total Cost of the Ending Work- In- Process Inventory

Spiral Company manufactures generic notebooks. Material is introduced at the beginning of the process in the Printing department. Conversion costs are applied uniformly throughout the process. The weighted- average method of product costing is used. Data for the Printing department for the month of June follow: $\begin{array}{lr}\text { Work-in-process inventory, June } 1\\\text { Units } & 15,000 \text { units } \\\text { Direct materials ( } 100 \% \text { complete) } & \$ 34,000 \\\text { Conversioncosts }(30 \% \text { complete) } & \$ 14,000\\\text { Units started in June } & 65,000 \text { units } \\\text { Units completed in June } & 62,000 \\\text { units Work-in-process inventory,June 30 } & 18,000\text { units }\\\text { ( } 100 \% \text { complete as to materials }\\\text { and } 60 \% \text { complete as to conversioncosts) }\\\text { Direct materials added in June } & \$ 285,000 \\\text { Conversioncostsadded in June } & \$ 210,000\end{array}$ The total cost of the ending work- in- process inventory is:

A) $127,260
B) $111,996
C) $122,175
D) $105,084

Correct Answer:

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