Question: Raider Corporation uses the weighted average method in its process costing system. The Molding Department is the second department in its production process. The
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 Complete with Respect to Units Conversion Beginning work in process inventory 8700 10% Transferred in from the prior department during 74,000 January Completed and transferred to the next department 73,800 during January Ending work in process inventory 8900 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.29. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
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