A company uses the weighted-average method for inventory costing. At the end of the period,...
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A company uses the weighted-average method for inventory costing. At the end of the period, 24,000 units were in the ending Work in Process inventory and are 100% complete for materials and 77% complete for conversion. The equivalent costs per unit are materials, $2.67, and conversion $2.25. Compute the cost that would be assigned to the ending Work in Process inventory for the period
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