Question - Cosby uses a weighted-average process costing system. All material are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000.
The cost of the ending work in process is
A. 54,000
B. 78,000
C. 114,000
D. 195,000
E. Some other amount