Raider Corporation Uses the Weighted-Average Method in Its Process Costing

question 264

Multiple Choice

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 $3.39. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

• A) $22,126.70
• B) $33,561.00
• C) $26,848.80
• D) $6,712.20

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Definitions:

Fertility Rate

The average number of children born to a woman over her lifetime within a population.

Immigration

is the process by which individuals move to a country that is not their native country, often for the purpose of permanent residence or citizenship.

Traditional Practices

Established patterns of behavior, customs, or rituals that are passed down within a culture or society, often with significant historical roots.

Economic Crisis

A severe and sudden downturn in the economic health of a nation or globally, characterized by a significant loss of wealth, jobs, and business activity.