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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. The Molding Department's cost per equivalent unit for conversion cost for January was $3.34. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? $2409600 $6.02720 The Molding Department's cost per equivalent unit for conversion cost for January was $3.31. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? Mulitiole Choice $2,096.80 56,02420 $3012100 $22π470
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. The Molding Department's cost per equivalent unit for conversion cost for January was $3.34. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? $2409600 $6.02720 The Molding Department's cost per equivalent unit for conversion cost for January was $3.31. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? Mulitiole Choice $2,096.80 56,02420 $3012100 $22π470
Theconversion costassigned to the ending work in processinventoryin the Molding Department for January is $23,424.80.How much conversion cost is assigned to ending work in process inventory in the Molding Department for January?Conversioncost per equivalent unit = $3.29Equivalent unitsfor ending work in process inventory:= 8,900 units x 80%= 7,120 unitsConversion costassigned to ending work in process inventory:= $3.29 x 7,120 units= $23,424.80.Read more aboutconversion costbrainly.com/question/14806190#SPJ4Full question: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.Units Percent Complete withRespect to ConversionBeginning work in process inventory 8,700 10 %Transferred in from the prior department during January 74,000Completed and transferred to the next department during January 73,800Ending work in process inventory 8,900 80 %The Molding Department’s cost per equivalent unit for conversion cost for January was $3.29. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?$22,116.70$23,424.80$29,281.00$5,856.20...