In: Accounting
Williams uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finsihed 150,000 units during the period and has 80,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $1,350,000; coversion costs were $1,600,000.
The cost of the ending work-in process is?