Raider 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. The Molding Department's cost per equivalent unit for conversion cost for January was $3.19. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

A) $22,106.70
B) $25,201.00
C) $20,160.80
D) $5,040.20

Weighted-Average Method

is a cost accounting method where costs of goods sold and inventory are determined based on the weighted average of all units available for sale.

Conversion Costs

Costs incurred to convert raw materials into finished products, typically including direct labor and manufacturing overhead.

Process Costing

A costing method used in manufacturing where the costs are assigned to batches or job orders and averaged over the units produced, typically used in industries producing homogeneous products.