Acompany uses the weighted-average method for inventory costing. at the end of the period, 17,000 units were in the ending work in process inventory and are 100% complete for materials and 70% complete for conversion. the equivalent costs per unit are materials, $2.60, and conversion $2.19. compute the cost that would be assigned to the ending work in process inventory for the period. multiple choice $70,261. $136,510. $64,067. $108,817. $95,557.

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.