A company uses the weighted-average method for inventory costing. At the end of the period,...
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Accounting
A company uses the weighted-average method for inventory costing. At the end of the period, 20,000 units were in the ending goods in process inventory and are 100% complete for materials and 67% complete for labor and overhead. The equivalent costs per unit are; materials, $2.57, labor, $2.30, and overhead, $3.30. Compute the cost that would be assigned to the ending goods in process inventory for the period.
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