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Ration Company uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below
Ration Company 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 Percentage complete Beginning work in process inventory 4,300 60% Transferred in from the prior department during January 80,800 Completed and transferred to the next department during January 82,900 Ending work in process inventory 2,200 40% The Molding Department's production report indicates that the cost per equivalent unit for conversion cost for January was $6.80 How much conversion cost was assigned to the ending work-in-process inventory in the Molding Department for January? Multiple Choice $5,984.00 $10,203.00 $10,310
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