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

question 32

Multiple Choice

Raider Manufacturing 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. $\begin{array}{lrr}&& \text { Percent}\\& \text { cost}& \text { complete}\\ \text { Beginning work in process stock } &7,700 & 10 \%\\ \text { Transferred in from the prior department during January } &64,000\\ \text { Completed and transferred to the next department during January} &63,800\\ \text { Ending work in process stock } &7,900&80 \% \\\end{array}$

The Molding Department's production report indicates that the cost per equivalent unit for conversion cost for January was £3.19.
How much conversion cost was assigned to the ending work in process stock in the Molding Department for January?

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

---

Definitions:

Rule 10b-5

A regulation under the U.S. Securities Exchange Act of 1934 that addresses fraud and misrepresentation in securities trading, prohibiting deceptive practices.

Securities Exchange Act Of 1934

U.S. legislation governing the secondary trading of securities (stocks, bonds, and debentures) in the financial market, aimed at regulating the exchanges and preventing fraud.

Private Transactions

Private transactions are trades or deals conducted directly between two parties without the involvement of a public exchange or the public eye.

Trading Of Securities

The buying and selling of financial instruments such as stocks, bonds, and derivatives.