Multiple Choice
The Gasson Company uses the weighted-average method in its process costing system.The company's ending work in process inventory consists of 10,000 units,100% complete with respect to materials and 70% complete with respect to labor and overhead.If the costs per equivalent unit are $4.50 for the materials and $2.00 for labor and overhead,the balance of the ending work in process inventory account would be:
A) $44,500
B) $50,500
C) $59,000
D) $65,000
Correct Answer:
Verified
Correct Answer:
Verified
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