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 departments operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory 8,600 10 % Transferred in from the prior department during January 73,000 Completed and transferred to the next department during January 72,800 Ending work in process inventory 8,800 80 % The Molding Departments cost per equivalent unit for conversion cost for January was $3.28. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? Multiple Choice $23,091.20 $28,864.00 $5,772.80 $22,115.70
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