Jimmy Corporation uses the weightedavera process inventory c

Jimmy Corporation uses the weighted-avera process inventory consists of 9,500 units. The ending work in process inventory is 100% complete with respect to materials. The cost per equivalent unit for the period is $3.75 for material and S1.25 for conversion cost. If the ending balance of work in process inventory account is $41,625, what is the percentage of completion with respect to conversion cost in the ending work in process inventory account? 1 method in its process costing system. The ending work in 41, A. 14% 86% 51% 63% None of the above. SOD E. Q.

Solution

Answer

Cost of ending inventory regard to material cost = 9500 units x $ 3.75 = $ 35,625