Question: Wire One Company uses the weighted-average method in its process costing system. The Coating Department is the second department in its production process. The data

Wire One Company uses the weighted-average method in its process costing system. The Coating Department is the second department in its production process. The data below summarize the department's operations in February:

Units Percentage complete

Beginning work in process inventory 4,600 70%

Transferred in from the prior department during January 50,000

Completed and transferred to the next department during January 53,000

Ending work in process inventory 1,600 30%

The Coating Department's production report indicates that the cost per equivalent unit for conversion cost for January was $4.37. How much conversion cost was assigned to the ending work-in-process inventory in the Coating Department for February?

Multiple Choice

a. $3,589.20

b. $2,097.60

c. $5,081.20

d. $6121.80

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