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62) Assume the following information:

					Percent Complete
Milling Department	Units				Materials					Conversion
Beginning work in process inventory		200				40	%				30	%
Units started into production during March		6,200
Units completed during the period and transferred to the next department		5,800				100	%				100	%
Ending work in process inventory		600				70	%				60	%

Milling Department	Materials			Conversion
Cost of beginning work in process inventory	$	10,000				$	15,000
Costs added during the period		286,000					385,000
Total cost	$	296,000				$	400,000

Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to:

A) 21,487

B) 20,487

C) 21,187

D) 19,987

67) Assume a company uses the weight-average method in its process costing. Its Work in Process T-account for the Refining Department for August is:

Work in Process: Refining Department
August 1 balance	62,000	Completed and transferred to Finished Goods	?
Materials	310,000
Direct labor	72,000
Overhead	181,000
August 31 balance	?

The August 1 work in process inventory consisted of 6,000 units with $49,500 in materials cost and $12,500 in conversion cost. The August 1 work in process inventory was 100% complete with respect to materials and 40% complete with respect to conversion. During August 48,000 units were started into production. The August 31 work in process inventory consisted of 8,000 units that were 100% with respect to materials and 60% complete with respect to conversion. The materials cost included in the Refining Departments ending work in process inventory is closest to:

A) 55,280

B) 50,280

C) 57,280

D) 53,280

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