Raider Corporation uses the weighted-average method in its process costing system. The Molding Department is...
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Accounting
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 | 9,100 | 10% |
| Transferred in from the prior department during January | 78,000 | |
| Completed and transferred to the next department during January | 77,800 | |
| Ending work in process inventory | 9,300 | 80% |
The Molding Departments cost per equivalent unit for conversion cost for January was $3.33. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
Multiple Choice
$22,120.70
$30,969.00
$24,775.20
$6,193.80
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