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20. Jimmy Corporation uses the weighted-average method in its process costing system. The ending work...

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Accounting

20.

Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 16,000 units. The ending work in process inventory is 100% complete with respect to materials and 50% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $4.00 for material and $2.00 for labor and overhead, what is the balance of the ending work in process inventory account would be:

- $71,500

-$96,000

-$63,500

-$80,000

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