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. Percent Complet with Respect to Conversion 10% Units Beginning work in process inventory 9,300 Transferred in from the prior department during January 80,000 Completed and transferred to the next department during January Ending work in process inventory 79,800 9,500 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.35. 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. Percent Complet with Respect to Conversion 10% Units Beginning work in process inventory 9,300 Transferred in from the prior department during January 80,000 Completed and transferred to the next department during January Ending work in process inventory 79,800 9,500 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.35. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 22E: Units of production data for the two departments of Atlantic Cable and Wire Company for July of the...
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