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 8,800 10 % transferred in from the prior department during january 75,000 completed and transferred to the next department during january 74,800 ending work in process inventory 9,000 80 % the molding department’s cost per equivalent unit for conversion cost for january was $3.30. how much conversion cost was assigned to the ending work in process inventory in the molding department for january?

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)