1475. If cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be

$10
$100
$1,000
$1,200
✅ The correct answer is B.
Weighted average cost = Cost incurred for work in process inventory ÷ Total equivalent units completed
= $350000 ÷ 3500 = $100

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