$22,106.70 $25,201.00 $20,160.80 $5,040.20 Raider Corporation uses the weighted-

Question

$22,106.70

$25,201.00

$20,160.80

$5,040.20

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 Conversion Units 7,700 000 63,800 10% Beginning work in process inventory Transferred in from the prior department during January Completed and transferred to the next department during January Ending work in process inventory 64, 7,900 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.19. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? Multiple Choice

Explanation / Answer

Calculate Conversion cost assigned to the ending work in process :

Conversion cost assigned to ending work in process = 7900*80%*3.19 = 20160.80

So answer is c) $20160.80

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