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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 data

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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 data below summarize the department's operations in January Percent complete with Respect to Conversion zess 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 Units 5, 6ee 59,500 57, 380 7,808 The accounung recordis Indicate that the conversion cost that had been assigned to beginning work in process inventory was $35.058 and a total of $559.754 in conversion costs were incurred in the department during January. The cost per equvalent unit for conversion costs for January in the Moiding Department is closest to Muisple Choice 59.559 S960 15

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