stuart company uses process costing for the production of chocolate bars. direct

Question

stuart company uses process costing for the production of chocolate bars. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory is 7000 in materials and $4,000 in conversion costs. April costs were $36000 for materials  and $40000 for conversion costs. During april 8000 units were completed. Ending in process inventory was 4000 units (100% complete for materials, 50% for conversion).  The value of ending inventory using the weighted average method would be closest to:

15,966.60

23133.20

31933.20

65000.00

Explanation / Answer

correct answer is 31933.20

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