Question
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 department's operations in January.
UnitsPercent Complete with
Respect to ConversionBeginning work in process inventory8,10010%Transferred in from the prior department during January68,000Completed and transferred to the next department during January67,800Ending work in process inventory8,30080%
The Molding Department's cost per equivalent unit for conversion cost for January was $3.23. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
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