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 Multiple Choice $24,096 80 Units $6,024 20 8,900 76,000 75,800 9,100 The Molding Department's cost per equivalent unit for conversion cost for January was $3.31. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? Percent Complete with Respect to Conversion 10% 80%

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 Multiple Choice $24,096 80 Units $6,024 20 8,900 76,000 75,800 9,100 The Molding Department's cost per equivalent unit for conversion cost for January was $3.31. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? Percent Complete with Respect to Conversion 10% 80%

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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