Weighted-average method in process costing system

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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

Reference no: EM13792235

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