The Gasson Company uses the weighted-average method in its process costing system.

The Gasson Company uses the weighted-average method in its process costing system. The company’s ending work in process inventory consists of 15,000 units, The ending work in process inventory is 100% complete with respect to materials and 80% complete with respect to labor and overhead. If the costs per equivalent unit for the period $4.40 for the materials and $1.60 for labor and overhead, whatis the balance of the ending work in process inventory account would be: (Do not round Cost per equivalent unit)

$85,200

$90,000

$76,700

$65,500

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