the molding department s production report indicates that the cost per equivalent un 634448
Rameau 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.
|
|
|
Percentage |
|
|
Units |
complete |
|
Beginning work in process inventory . |
5,600 |
60% |
|
Transferred in from the prior department during |
|
|
|
January |
47,000 |
|
|
Completed and transferred to the next department |
|
|
|
during January |
50,300 |
|
|
Ending work in process inventory |
2,300 |
40%
|
The Molding Department”s production report indicates that the cost per equivalent unit for conversion cost for January was $5.29. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
A) $7,300.20
B) $12,167.00
C) $11,849.60
D) $4,866.80