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Ravalt 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
Ravalt 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 | 4,100 | 89% |
Transferred in from the prior department during January | 55,800 | |
Completed and transferred to the next department during January | 54,300 | |
Ending work in process inventory | 5,600 | 85% |
The Molding Department's cost per equivalent unit for conversion cost for January was $8.77. 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. $5,402
b. $41,745
c. $49,112
d. $42,245
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