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# Rangan Corporation Conversion cost

Question 8:

Rangan 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 1,900 55%
Transferred in from the prior department during January 76,400
Completed and transferred to the next department during January 74,500
Ending work in process inventory 3,800 69%

The Molding Department's cost per equivalent unit for conversion cost for January was \$3.85.

How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

\$10,094.70

\$9,894.70

\$11,094.70

\$10,594.70

#### Solution Preview

Rangan 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 ...

#### Solution Summary

This solution is comprised of a detailed explanation to answer how much conversion cost was assigned to the ending work in process inventory in the Molding Department for January.

\$2.19