Multiple Choice
Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9,000 units. The ending work in process inventory is 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.75 for material and $1.25 for labor and overhead, what is the balance of the ending work in process inventory account?
A) $41,625
B) $33,750
C) $45,000
D) $31,500
Correct Answer:
Verified
Correct Answer:
Verified
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