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Balance of the ending work in process inventory 4-6
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Jimmy Company uses the weighted-average method in its process costing system. The ending work in process inventory consists of 8,800 units. The ending work in process inventory is 100% complete with respect to materials and 68% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.70 for material and $1.20 for labor and overhead, what is the balance of the ending work in process inventory account?
$41,341
$39,741
$41,941
$38,441
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https://brainmass.com/business/business-management/balance-ending-work-process-211133
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Equivalent units for material are 8,800 since it is 100% complete. The cost …
