Answer the Following Questions Using the Information Below:
the Sleepyhead

Answer the following questions using the information below:
The Sleepyhead Chair Company manufactures a standard recliner.During February,the firm's Assembly Department started production of 75 000 chairs.During the month,the firm completed 85 000 chairs and transferred them to the Finishing Department.The firm ended the month with 10 000 chairs in ending inventory.All direct materials costs are added at the beginning of the production cycle.Weighted-average costing is used by Sleepyhead.
-Mt.Iron Steel processes a single type of steel.For the current period the following information is given:
$$\begin{array} { | l | r | r | r | } \hline & \text { Units } & \text { Material Costs } & \text { Conversion Costs } \\\hline \text { Beginning Inventory } & 3000 & \$ 4500 & \$ 5400 \\\hline \text { Started During the Current Period } & 20000 & 3 2 0 0 0 & 7 8 0 200 \\\hline \text { Ending Inventory } &2 5 0 0& & \\\hline\end{array}$$
All materials are added at the beginning of the production process.The beginning inventory was 40% complete as to conversion,while the ending inventory was 30% completed for conversion purposes.
Weighty uses the weighted-average costing method.
What is the total cost assigned to the units completed and transferred this period?

A) $120 100
B) $107 010
C) $113 160
D) $109 440