please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Weighty Steel processes a single type of steel. For the current period the following information is given:Units Material Costs Conversion Costs$4,700$5,90078,40032,400Beginning InventoryStarted During the Current PeriodEnding Inventory3,50020,3003,100All materials are added at the beginning of the production process. The beginning inventory was 40% complete as to conversion, while theending inventory was 25% completed for conversion purposes.Weighty uses the weighted-average costing method.What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent andtotal costs to the nearest whole dollar.)OA. $113,643B. $106,320C. $121,400D. $103,190

The equivalent units are calculated on the basis of the percentage of the work completed during the…

Weighty Steel processes a single type of steel. For the current period the following information is given: Units Material Costs Conversion Costs $4,700 32,400 Beginning Inventory Started During the Current Period Ending Inventory 3,500 20,300 3,100 $5,900 78,400 All materials are added at the beginning of the production process. The beginning inventory was 40% complete as to conversion, while the ending inventory was 25% completed for conversion purposes. Weighty uses the weighted-average costing method. What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar.)

Weighty Steel processes a single type of steel. For the current period the following information is given: Units Material Costs Conversion Costs $4,700 32,400 Beginning Inventory Started During the Current Period Ending Inventory 3,500 20,300 3,100 $5,900 78,400 All materials are added at the beginning of the production process. The beginning inventory was 40% complete as to conversion, while the ending inventory was 25% completed for conversion purposes. Weighty uses the weighted-average costing method. What is the total cost assigned to the units completed and transferred this period? (Round intermediary dollar amounts to the nearest cent and total costs to the nearest whole dollar.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 3EA: Given the following information, determine the equivalent units of ending work in process for...

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