Jimmy Company uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9,000 units. The ending work in process inventory is 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.75 for material and $1.25 for labor and overhead, what is the balance of the ending work in process inventory account? Select one: a. $41,625 b. $33,750 c. $45,000 d. $31,500

The correct answer is A.

Explanation:

Giving the following information:

The ending work in process inventory consists of 9,000 units.

The ending work in process inventory is 100% complete for materials and 70% complete for labor and overhead.

The cost per equivalent unit for the period is $3.75 for material and $1.25.

First, we need to calculate the ending inventory in units for equivalent units:

Direct material= 9,000*1= 9,000 units

Conversion costs= 9,000*0.7= 6,300

Now, the cost of ending inventory:

Direct material= 9,000*3.75= 33,750

Conversion costs= 6,300*1.25= 7,875

Total cost= $41,625

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

i just took the test and it is financing