Q692
If cost incurred for work in process inventory is 350000 and total equivalent units completed till date are 3500, then weighted average cost will be
A.
$10
B.
$100
AnswerC.
$1,000
D.
$1,200
Answer: Option B
Solution
Answer: Option B
Solution:
Weighted average cost = Cost incurred for work in process inventory ÷ Total equivalent units completed = 100