Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 500 Materials costs$7,800 Conversion costs$9,100 Percent complete with respect to materials 85%Percent complete with respect to conversion 55%Units started into production during the month 7,000 Units transferred to the next department during the month 6,100 Materials costs added during the month$102,700 Conversion costs added during the month$184,400 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent complete with respect to materials 60%Percent complete with
respect to conversion 50%The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Do not round intermediate calculations.)
A. $62,129
B. $33,294
C. $37,278
D. $31,065
Answer: B
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