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

question 49

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 $3.19.
How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

• A) $22,106.70
• B) $25,201.00
• C) $20,160.80
• D) $5,040.20

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Definitions:

Output

The amount of products or services generated by a company, sector, or economic system within a specific time frame.

Housing Development

Planned construction projects that consist of multiple houses or apartments, designed to cater to specific or general housing needs.

Profit-Maximizing

A financial strategy or decision-making process aimed at achieving the highest possible profit from business operations.

Damages

Monetary compensation required to be paid by an individual or organization to another for loss or injury.