Question
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
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.
UnitsPercent Complete with
Respect to ConversionBeginning work in process inventory5,65070%Transferred in from the prior department during January59,550Completed and transferred to the next department during January57,350Ending work in process inventory7,85040%
The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $35,108 and a total of $559,804 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:
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