Find the cost of the ending work in process

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Question - Cosby uses a weighted-average process costing system. All material are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000.

The cost of the ending work in process is

A. 54,000

B. 78,000

C. 114,000

D. 195,000

E. Some other amount

Reference no: EM131640364

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