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. Units Percent Complete with Respect to Conversion
Beginning work in process inventory 7,700 10%
Transferred in from the prior department during January 64,000
Completed and transferred to the next department during January 63,800
Ending work in process inventory 7,900 80%

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. $20,160.80
b. $22,106.70
c. $5,040.20
d. $25,201.00