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Ravait 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
Ravait 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 thedepartment's operations in January Percent Complete with Respect to Conversion 86 % Units Beginning work in process inventory Transferred in from the prior department during 3.600 57200 January Completed and transferred to the next department during January Ending work in process inventory 55,000 5,800 B0 % The Molding Department's cost per equivalent unit for conversion cost for January was $8.14 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) $6.610 $38.270 $37770 $47.212
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