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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 operations in January. 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 Percent Complete with Respect to Units Conversion 6,000 70% 59,900 57,700 8,200 40% The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $35,458 and a total of $560154 in conversion costs we during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to: Multiple Choice $9623 $9767 $9.824 58.579

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