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

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 mp Percent Complete with Respect to Unit Conversion Beginning work in process inventory 9,000 100 Transferred in from the prior department during January 77,000 Completed and transferred to the next department during January 76,800 Ending work in process inventory 9,200 20 The Molding Department's cost per equivalent unit for conversion cost for January was $3.32. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? ute Eye 55 258 Kurtulus Corporation uses the welghted-average method in its process costing system. Dato concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 2,100 Materials costs $ 8,500 Conversion costs $ 3,800 Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month 8,000 Units transferred to the next department during the month 7,200 Materials conts added during the month $ 111,600 Conversion conta added during the month $ 84,700 Ending work in process inventory: Units in ending work in process inventory 2,900 Percent complete with respect to materials 708 Percent complete with respect to conversion The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to (Round "Cost per equlvalent unie" to 3 decimal places. Round "Cost of ending work in process Inventory" to the nearest whole dollar amount.) 55

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