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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.  Percent cost complete Beginning work in process stock 7,70010% Transferred in from the prior department during January 64,000 Completed and transferred to the next department during January63,800 Ending work in process stock 7,90080%\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

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