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Paceheco 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. Percent Complete with Respect to Units Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory 70% 5,950 59,850 57,650 8,150 40% The accounting records Indicate that the converslon cost that had been assigned to beginning work in process inventory was $35,408 and a total of $560,104 in conversion costs were Incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to: Multiple Choice $9.615 $9.777 $9816 $8.571 O O O

Paceheco 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. Percent Complete with Respect to Units Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory 70% 5,950 59,850 57,650 8,150 40% The accounting records Indicate that the converslon cost that had been assigned to beginning work in process inventory was $35,408 and a total of $560,104 in conversion costs were Incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to: Multiple Choice $9.615 $9.777 $9816 $8.571 O O O

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Paceheco 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. Percent Complete with Respect to Units Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory 70% 5,950 59,850 57,650 8,150 40 The accounting records Indicate that the converslon cost that had been assigned to beginning work In process Inventory was $35,408 and a total of $560,104 in conversion costs were Incurred in the department during January. The cost per equivalent unit for conversion costs for January In the Molding Department is closest to Multiple Choice $9615 $9.777 $9.816 $8.571 O O O
Transcribed Image Text:Paceheco 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. Percent Complete with Respect to Units Conversion Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory 70% 5,950 59,850 57,650 8,150 40 The accounting records Indicate that the converslon cost that had been assigned to beginning work In process Inventory was $35,408 and a total of $560,104 in conversion costs were Incurred in the department during January. The cost per equivalent unit for conversion costs for January In the Molding Department is closest to Multiple Choice $9615 $9.777 $9.816 $8.571 O O O
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