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
C. $1,000
D. $1,200
Answer: Option B
Solution(By Examveda Team)
Weighted average cost = Cost incurred for work in process inventory ÷ Total equivalent units completed= $350000 ÷ 3500 = $100
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