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Rariton 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
Rariton 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.
Units | Percent Complete with Respect to Conversion | |
Beginning work in process inventory | 4,500 | 86% |
Transferred in from the prior department during January | 57,400 | |
Completed and transferred to the next department during January | 56,000 | |
Ending work in process inventory | 5,900 | 83% |
The Molding Department's cost per equivalent unit for conversion cost for January was $8.45. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? (Round your final answer to nearest whole dollar.) |
A)$6,980
B)$41,380
C)$49,855
D)$41,880
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