Raider 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 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 Units 8,100 68,000 67,800 8,300
Raider 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 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 Units 8,100 68,000 67,800 8,300
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Raider 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.
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
The Molding Department's cost per equivalent unit for conversion cost for January was $3.23. How much
conversion cost was assigned to the ending work in process inventory in the Molding Department for
January?
Multiple Choice
O
O
$22,110.70
$26,809.00
$21,44720
Units
8,100
68,000
67,800
8,300
$5,361.80
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