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

question 69

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:

Waste Excretion

The process by which living organisms eliminate waste products of metabolism and other non-useful materials from their bodies.

Predation

An interaction where one organism, the predator, kills and eats another organism, the prey.

Swim Bladder

The hydrostatic organ in bony fishes that permits the fish to hover at a given depth.

Buoyancy

The force exerted by a fluid that opposes the weight of an object immersed in the fluid, allowing it to float or sink.