Ravalt corporation uses the weighted-average method in its

Reference no: EM13580000

Ravalt 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. Units Percent Complete with Respect to Conversion Beginning work in process inventory 3,700 87% Transferred in from the prior department during January 57,300 Completed and transferred to the next department during January 55,300 Ending work in process inventory 5,700 89% The Molding Department's cost per equivalent unit for conversion cost for January was $8.01. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

Reference no: EM13580000

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