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Raider corporation use the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below
Raider corporation use the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarizes the departments operations in January.
Units Percent
complete with
respects to
conversion
Beginning work in
work in process inventory 9,500 10%
Transferred in from the
prior department during
January 82,000
Completed and transferred
to the next department
during January 81,800
Ending work in process
inventory 9,700 80%
The Molding Departments cost per equivalent unit for conversion cost for January was $3.37. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
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