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 departments operations in January.

Multiple Choice

• A) $9.527

• B) $9.884

• C) $9.728

• D) $8.483

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. Percent Complete with Respect to Units Conversion 70% Beginning work in process inventory 5,400 Transferred in from the prior department during January Completed and transferred to the next department during January 59,300 57,100 Ending work in process inventory 40% 7,600 The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,858 and a total $559.554 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