Ravalt 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 Units Percent Complete with Respect to Conversion Beginning work in process inventory 4,100 89 Transferred in from the prior department during January 55,800 Completed and transferred to the next department during January 54,300 Ending work in process inventory 5,600 85 The Molding Department's cost per equivalent unit for conversion cost for January was $8 77 How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January (Round your final answer to nearest whole dollar ) a $5,402 b $41,745 c $49,112 d $42,245

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Question: Ravalt 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

Ravalt 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.

	Units	Percent Complete with Respect to Conversion
Beginning work in process inventory	4,100	89%
Transferred in from the prior department during January	55,800
Completed and transferred to the next department during January	54,300
Ending work in process inventory	5,600	85%

The Molding Department's cost per equivalent unit for conversion cost for January was $8.77. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? (Round your final answer to nearest whole dollar.)

a. $5,402

b. $41,745

c. $49,112

d. $42,245

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