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 data below
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 Beginning work in process Inventory Conversion Transferred in from the prior department during January 9,000 10x Completed and transferred to the next department during January 77,000 Inding work in process inventory 76,800 9,200 BOX The Molding Department's cost per equivalent unt for conversion Cost Ianuary was $3.32. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January
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