Question 9. 9. Rariton Corporation uses the weighted-average method in its proce

Question

Question 9.9. Rariton 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.

       $4,081.20
       $10,203.00
       $10,310.40
       $6,121.80

Question 9.9. Rariton 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 $5.37.
How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? (Points : 2)

Explanation / Answer

Equivalent cot per unit january=$5.37

Closing WIP in units=1,900

so the cost of WIP=1,900*$5.37*.0.4=$10,203

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