Problem
The Gasson Company uses the weighted-average method in its process... The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 12,000 units, The ending work in process inventory is 100% complete with respect to materials and 50% complete with respect to labor and overhead. If the costs per equivalent unit for the period $3.60 for the materials and $1.60 for labor and overhead, what is the balance of the ending work in process inventory account?