The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process Inventory on August...

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Extracted text: The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process Inventory on August 31 consisted of 18,800 units. The units in the ending work In process inventory were 100% complete with respect to materlals and 60% complete with respect to labor and overhead If the cost per equivalent unit for August was $295 for materials and $4. 45 for labor and overhead, the total cost assigned to the ending work in process Inventory was: Multiple Choice $139.120 $83,472 $88.924 $105.656