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Paceheco Corporation uses the weighted - average method in its process costing system. The Molding Department is the second department in its production process. The
Paceheco Corporation uses the weightedaverage method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the departments operations in January.
Units Percent Complete with Respect to Conversion
Beginning work in process inventory
Transferred in from the prior department during January
Completed and transferred to the next department during January
Ending work in process inventory
The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $ and a total of $ 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
$
$
$
$
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