Question: Airo Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data
Airo 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 70% Percent Complete with Respect to Units Conversion Beginning work in process inventory 5,100 Transferred in from the prior department during 59,000 January Completed and transferred to the next department 56,800 during January Ending work in process inventory 7,300 40% The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,558 and a total of $559,254 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: Select one: O A $9.943 OB $8.435 OC $9.479 OD $9.680 Airo 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 70% Percent Complete with Respect to Units Conversion Beginning work in process inventory 5,100 Transferred in from the prior department during 59,000 January Completed and transferred to the next department 56,800 during January Ending work in process inventory 7,300 40% The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,558 and a total of $559,254 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: Select one: O A $9.943 OB $8.435 OC $9.479 OD $9.680
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