Corporation uses the weighted-average method in its process costing system. The Molding it is the second department in its production process. The data below summarize the department's in January Percent Complete with Respect to Conversion 70% ing work in process inventory erred in from the prior department during January ted and transferred to the next department during January work in process inventory Units 5,700 59,600 57,400 7,900 40% nting records indicate that the conversion cost that had been assigned to beginning work in process vas $35,158 and a total of $559,854 in conversion costs were incurred in the department during he cost per equivalent unit for conversion costs for January in the Molding Department is closest to: ple Choice ) $9.575 Completed and transferred to the next department during January Ending work in process inventory 57,400 7,900 The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $35,158 and a total of $559,854 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to: Multiple Choice $9.575 $9.825 $9.776 $8.531