Raider Corporation uses the weighted-average method in its process costing system. The The data below summarize the department's operations in January. Percent Complete with Respect to Units Conversion 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 7,900 66, 000 65, 800 10% 8,100 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.21. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
Raider Corporation uses the weighted-average method in its process costing system. The The data below summarize the department's operations in January. Percent Complete with Respect to Units Conversion 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 7,900 66, 000 65, 800 10% 8,100 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.21. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 7P
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