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

question 93

Multiple Choice

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:
$\begin{array}{|l|r|r|}\hline&\text { Units}&\text { Percentage complete }\\\hline \text { Beginning work in process } &4,800 & 60 \% \\\text { inventory } & \\\hline \begin{array}{l}\text { Transferred in from the } \\\text { prior department during }\end{array} & 78,000 & \\\text { January }\\\hline \begin{array}{l}\text { Completed and transferred } \\\text { to the next department } \\\text { during January }\end{array} &80,900 & \\\hline \begin{array}{l}\text { Ending work in process } \\\text { inventory }\end{array} &1,900 & 40 \% \\\hline\end{array}$


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?

• A) $4,081.20.
• B) $10,203.00.
• C) $10,310.40.
• D) $6,121.80.

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