Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 | 8,900 | 10 | % | ||||
Transferred in from the prior department during January | 76,000 | ||||||
Completed and transferred to the next department during January | 75,800 | ||||||
Ending work in process inventory | 9,100 | 80 | % | ||||
|
The Molding Departments cost per equivalent unit for conversion cost for January was $3.31. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
Multiple Choice
$24,096.80
$30,121.00
$6,024.20
$22,118.70
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started