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Rariton Company Uses the Weighted-Average Method in Its Process Costing

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Rariton Company uses the weighted-average method in its process costing system.The Moulding Department is the second department in its production process.The data below summarize the department's operations in January: The Moulding Department's production report indicates that the 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 Moulding Department for January?


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