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 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
Top of Form
$22,118.70
$30,121.00
$24,096.80
$6,024.20
Bottom of Form
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