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Question - Frankenberger Company, which uses a weighted-average process-costing system, had 7,700 units in production at the end of the current period that were 70% complete. Material A is introduced at the beginning of the process; material B is introduced at the end of the process; and conversion cost is introduced evenly throughout manufacturing. Equivalent-unit production costs follow.
Material A: $16.00
Material B: $2.70
Conversion cost: $8.00
Required - Find the cost of the company's ending work-in-process inventory?
a. $143,913.
b. $166,320.
c. $180,873.
d. $205,590.
e. None of the answers is correct.
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