Using weighted-average, total cost to account for in a process is $150,000, evenly divided between materials and conversion.
Using weighted-average, total cost to
account for in a process is $150,000, evenly divided between materials and conversion. Conversion consists of 75,000 equivalent units, divided one-fourth to work in process and three-fourths to completed units. Use this information to determine the conversion cost that will remain in the ending balance of the Work in Process.