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

question 72

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:
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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Definitions:

Wavy Hair

Hair that has a texture that lies between straight and curly, characterized by an S-shaped pattern.

Black Coat

A reference to animals or organisms with predominantly dark-colored fur or external covering, often due to genetic variations.

Genotype

The genetic constitution of an individual organism, determining specific characteristics when interacting with the environment.

Incomplete Dominance

A genetic phenomenon in which neither allele of a gene completely masks the other in a heterozygote, resulting in a phenotype that is a blend of the two alleles.