Question:
Rameau 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.
|
|
|
Percentage
|
|
|
Units
|
complete
|
|
Beginning work in process inventory .
|
5,600
|
60%
|
|
Transferred in from the prior department during
|
|
|
|
January
|
47,000
|
|
|
Completed and transferred to the next department
|
|
|
|
during January
|
50,300
|
|
|
Ending work in process inventory
|
2,300
|
40%
|
The Molding Departments production report indicates that the cost per equivalent unit for conversion cost for January was $5.29. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
A) $7,300.20
B) $12,167.00
C) $11,849.60
D) $4,866.80