assume a company uses the weight average method in its process costing its work in...
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assume a company uses the weight average method in its process costing its work in process t account for the refining department for august is august 1 balance 62000 materials 310000 direct labor 72000 overhead 181000 the august 1 work in process inventory consisted of 6000 units with 40000 in materials cost and 22000 in conversion cost the august 1 work in process was 100% respect to materials and 40% complete respect to conversion. 48000 units were started in production. august 31st 8000 units were 100% with respect to materials and 60% complete with respect to conversion balance in the refining departments work in process account is closet to?
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