Answer:

$55,565.76

Explanation:

Calculation for the value of ending inventory using the weighted average method

First step is to find the Equivalent units

Equivalent units = (4,800 × 50%)

Equivalent units = 2,400

Second step is to find the conversion costs

Conversion costs (4,800 × 100%)

Conversion costs= 4,800

Last step is to calculate for the value of ending inventory

Ending inventory= ($8.91 × 2,400) + ($7.1212× 4,800)

Ending inventory=$21,384+$34,181.76

Ending inventory=$55,565.76

Therefore the value of ending inventory using the weighted average method would be closest to: $55,565.76