Ramos 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 . |
2,800 |
40% |
|
Transferred in from the prior department during |
|
|
|
January |
45,000 |
|
|
Completed and transferred to the next department |
|
|
|
during January |
46,700 |
|
|
Ending work in process inventory |
1,100 |
20% |
The Molding Department”s production report indicates that the cost per equivalent unit for conversion cost for January was $1.12. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?
A) $985.60
B) $1,881.60
C) $1,232.00
D) $246.40