Posted: March 23rd, 2016

Jimmy Company uses the weighted-average method in its process costing system

Balance of the ending work in process inventory 4-6

Jimmy Company uses the weighted-average method in its process costing system. The ending work in process inventory consists of 8,800 units. The ending work in process inventory is 100% complete with respect to materials and 68% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.70 for material and $1.20 for labor and overhead, what is the balance of the ending work in process inventory account?

$41,341

$39,741

$41,941

$38,441