The richmond corporation uses the weighted-average method in its process costing system. the company has only a single processing department. the company's ending work in process inventory on august 31 consisted of 20,600 units. the units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. if the cost per equivalent unit for august was $3.40 for materials and $4.90 for labor and overhead, the total cost assigned to the ending work in process inventory was:

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to: