Park Company Uses the Weighted-Average Method in Its Process Costing

Multiple Choice

Park Company 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 accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $40,484 and a total of $213,890 in conversion costs were incurred in the department during January.
The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

A) $4.823
B) $4.186
C) $4.650
D) $4.590