Question: Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The data
Paceheco 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 Porcent Complete with Respect to Units Conversion Beginning work in process Inventory 5,750 704 Transferred in from the prior department during January 59,650 Completed and transferred to the next department during January 57.450 Ending work in process inventory 7.950 401 The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $35,208 and a total of $559,904 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
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