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Raider 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
Raider 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 departments operations in January.
Units | Percent Complete with Respect to Conversion | |
---|---|---|
Beginning work in process inventory | 8,400 | 10% |
Transferred in from the prior department during January | 71,000 | |
Completed and transferred to the next department during January | 70,800 | |
Ending work in process inventory | 8,600 | 80% |
The Molding Departments cost per equivalent unit for conversion cost for January was $3.26. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
Multiple Choice
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$5,607.20
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$28,036.00
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$22,428.80
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$22,113.70
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