The Following Amounts Were Selected from the Production Report of Doggie

The following amounts were selected from the production report of Doggie Donuts Corporation: Doggie Donuts uses the weighted average method in preparing its production reports.What must Doggie Donuts' total production cost to be accounted for have been?
$\begin{array}{lr}\text { Actual units in production } & 55,000 \\\text { Equival ent units (materials) } & 55,000 \\\text { Equival ent units (conversion) } & 45,000 \\\text { Cost per equivalent unit (materials) } & \$ 1.50 \\\text { Cost per equivalent unit (conversion) } & \$ 1.10\end{array}$

A) $49,500
B) $82,500
C) $132,000
D) $150,000

Correct Answer:

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