QUESTION 29 Ravalt Corp uses the weighted average method in its process costing system. The...
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QUESTION 29 Ravalt Corp 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 operation's in January Conversion Units % complete with respect to Beginning WIP Inventory 3,200 80% Transferred in from the prior department during January 55,000 Completed and Transferred to next department during January 54,300 Ending WIP inventory 3.900 90% The Molding Departments' cost per equivalent unit for conversion cost for January was $7.90 How much conversion cost was assigned to the ending WIP inventory in the Molding Department for January A) $27.729 B) $30,810 C) $3,081 D) $5,056
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