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. 7,700 64,000 63,800 7,900 Percent Complete with Respect to Conversion 10% 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.19. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
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. 7,700 64,000 63,800 7,900 Percent Complete with Respect to Conversion 10% 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.19. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rmn.4
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
Units
7,700
64,000
63,800
7,900
Percent
Complete with
Respect to
Conversion
10%
80%
The Molding Department's cost per equivalent unit for conversion cost for January was $3.19. How much conversion cost was assigned to the ending
work in process inventory in the Molding Department for January?
Transcribed Image Text:Multiple Choice
O
O
O
O
$22,106.70
$25,201.00
$20,160.80
$5,040.20
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